Profitable Home Health Care

An online presence is established with an effective website along with a Yellowpage ad and phonebook ad. Regular Health fairs at facilities along with word of mouth referrals provide the most new clients. Marketing is an opportunity for growth for a new owner, especially by building relationships with referral sources such as social workers, nurses, assisted living facilities and Hospitals which have systems that release lists of discharged patients. Another growth opportunity would be to gain clients with needs for Therapy services, which are more profitable and are currently being outsourced. Medicaid patients are the primary focus due to patient plans being preapproved for seamless billing and collection.
For compliance within this industry an Administrator and Director of Nursing are required, these positions can be filled by Registered Nurse’s or 2 or more years of administration experience. A new owner does not need to have a medical background but would have increased profitability by fulfilling both roles of Administrator & Director of Nursing. The seller values the transition of ownership period to not disrupt patients, resources and staff. The seller did not want to grow big but has positioned this business for a new owner to be capable of even more growth and significant cash flow.
A 10% down payment of $81,500 will produce a net operating income of $112,249 and a 137% return on a new owner’s investment in year 1!
Financial Overview
List Price: $815,000
Gross Sales
2014: $1,202,535
Owner Profit/Cash Flow
2014: $244,134

Financials


Asking Price Range:  $500K – $1.0M

Gross Revenues:  

$1,202,535

Cash Flow:  

$244,134

Cash Flow Type:  EBITDA

Inventory:  $5,500

Seller Financing:  Yes

About The Business


Year Established:  2008

Number of Employees:  20 – 34

Relocatable:  No

Franchise:  No

Current Real Estate:  Leased

Property:  Property For Lease

About The Sale


Management Training and Support:  90 Days

Photos

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Profitable Home Health Care Photo 1








Print Listing Id: 700254697
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Posted by: philco on