LISTING ID: 34897
This unique niche home care agency is rapidly growing at a compounded rate of 8% per month. This business services a niche disabled population for which DOH and DDS pay a higher hourly rate. Non-medical care. Now licensed to service all populations in all counties of Ct. Initial assessment by the Director of Nursing to determine level of care. Located in a brand new 11,000-square-foot facility, it cost $300,000 to buildout out three years ago. Opportunity to offer home care services throughout the entire state and to also offer AFL (Adult Family Caregiving) services. It's difficult to obtain a home care license that covers the entire state of Connecticut. Long lease. Fully integrated software is provided by the state Sundata-Ct and CTD SMAB. Gross revenue and net income in the profile are projected based on year-to-date numbers, and the August billing continued for the September-December period. At an 8% monthly growth rate, the actual full-year billings will be much higher. Owner net profit margins are 25–30%, and the net income representation is a projection based on actual current billing. The state of Connecticut is providing grants to cover certain expenses because the agency is one of the few agencies providing service to these niche clients. Owners seek a buyer who can provide proof of funds of at least $1 million and, more importantly, has relevant care experience. This is required for the name and location of the agency, followed by a call or meeting with the owners. No bank financing. The Home Care Agency (Listing # 34897) shares the facility with a Social Adult Day Care (Listing # 34896) that services the same niche population. Listing # 34896 (SADC) is offered for sale together with this home care agency. Contact the broker with your background and proof of funds.
