This is a well-established Home Healthcare business currently servicing One Hundred Eighty (180) patients in multiple locations in and surrounding Houston. The business focuses on sending caregivers to a client’s personal home/residence to help them with their medical needs through skilled nursing and physical therapy services, as well as daily life activities, such as light cleaning, food preparation, grocery shopping, personal hygiene and medication assistance. Approximately 25% of the business is focused on medical care, with 75% focused on non-medical personal assistance. This business has a good reputation in the community for providing high quality in-home care, and further growth is easily possible, with patients seeking out care from this business.
The business is fully licensed, accredited and Medicare certified. It accepts payment through Medicare, Medicaid, as well as commercial insurance through United Health, and Molina.
- Asking Price:
- $2,889,000 Furniture / Fixtures included
- Sales Revenue:
- $3,865,202
- Cash Flow:
- $725,000
Property Information
- Real Estate:
-
Lease
- Lease Terms:
-
Monthly Rent: $1,652.68
Square Units (Foot, Meter): 1,202
Lease Expiration Date: June 29, 2026, 10:00:00 PM
Business Operation
- Expansion Potential:
-
There is significant demand in Texas for in-home healthcare, both medical and non-medical. This demand will continue to grow as the population continues to age, with the nation’s median age forecasted to rise year over year. In addition, the COVID pandemic increased society’s acceptance and reliance on in-home care, a trend which is not expected to reverse. These things considered, the growth model is simple for this business… it may be expanded by accepting more medical and non-medical patients/clients and adding the corresponding number of care takers. Growth is truly limited only by the ability to hire the workers/care takers who provide the care and manage those workers. Since this is a private, non-franchised home healthcare provider, the owners are not limited to a territory and growth can occur anywhere within the licensed regions. Additional licenses within Texas may also be procured.
- Competition / Market:
-
The business is poised for growth and continued success with new management...
- High Demand for Services. Patients seek out the care of the Company.
- This is a well-established business with dedicated employees who will remain on.
- This is a private home health business – no franchisor restrictions or franchise fees required!
- Reasons for selling:
-
Retirement
- Employees:
- 163
- Years established:
- 10
Other Information
- Support & training:
-
Number of Weeks Seller Will Offer Training: 2
- Furniture / Fixtures value:
- $5,000 - included in the asking price
