Caregiving Agency with 50+ Companions

Not Disclosed, NE
Douglas County


Asking Price: Annual Revenue:
$1,025,000 $1,483,847

Services: Professional


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RE: Caregiving Agency with 50+ Companions Broker: Cortney Sells
Owner Financing is Available!
10% Buyer Down Payment $102,500 10% Seller Financing or Equity $102,500 80% Bank Loan $820,000

Quick Facts

Asking Price: $1,025,000
Annual Revenue: $1,483,847
Net Profit: Not Disclosed
Cash Flow: $310,782
Total Debt: Not Disclosed
FF&E: $94,678
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 521934398
Broker Reference #: MED024-C

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Business Overview:

This companion care business recently received a contract with the VA in 2021, expanding their already diverse client base. The client type for this in-home care company consists of people who require more assistance within their day-day activities. Seniors, respite patients, those with dementia, and veterans are their main focus. This company is staffed with an office manager, Human Resources specialist, and an account manager who operate the business and oversee the 50+ caregivers. The current owner works part-time, roughly 15 hours per week and oversees the 3 administrators. This business is in Omaha, NE and their service area currently includes the Omaha Metropolitan Area and surrounding cities, reaching as far as Fremont, Ralston, Bellevue, and Council Bluffs. Primarily these caregivers are in the homes of their clients, allowing this business to operate out of a 2,800 square feet office space which in return keeps the overhead cost low.

The staff consistently has an average of 50 caregivers active in the field. Each caregiver within this companies’ network sees themselves as an extended family member for someone whose family is out of town and beyond the normal scope of home care, these caregivers are stress relievers, problem solvers, grocery shoppers, educators, good friends, and conversationalists and take pride in aiding the ones they work with.

A 10% down payment of $102,500 returns $158,539 in the first year after debt payments. Priced at $1,025,000, this business has exponential growth including further development the Fremont and Council Bluffs client bases, developing the newly awarded VA contract, and creating partnerships with workman’s compensation divisions. While each of these opportunities could provide significant growth with minimal additional investment, a buyer could also have the chance to enjoy their 21% profit margin if they wanted to be passive and not do anything to improve.

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Property Features and Assets:

Vehicles: $46,071 Office Furniture and Equipment: $23,387 Working Capital= $25,220= A/R: $35,646 – A/P: $10,426

Market Competition and Expansion:

Further develop the existing client base in Fremont and Council Bluffs. Expand the current partnerships with the VA and create a partnership with the workman’s comp divisions of their service areas.

Reason for Selling:

Retirement/ personal medical issues.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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