Highly Profitable In-Home Elder Care Business

Quincy, MA
Norfolk County

Asking Price: Annual Revenue:
$1,767,670 $2,127,087

Services: Construction, Contractors

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RE: Highly Profitable In-Home Elder Care Business Broker: Sanjay Ahuja
Owner Financing is Available!

Quick Facts

Asking Price: $1,767,670
Annual Revenue: $2,127,087
Net Profit: Not Disclosed
Cash Flow: $505,442
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2018
Employees: 52
BBN Listing #: 258064609
Broker Reference #: BOSTOMA002-52549

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Business Overview:

One in Five Americans will be a senior by 2030, and approx. 86% of the seniors in the US want to age in their own homes. Each day 10,000 baby boomers turn 65, and they have greater disposable income than previous generations. Medical advancements are helping people live longer, however chronic diseases afflict over 130 million people in the US, and this number is expected to increase further. Healthcare payers (Medicare, Medicaid, Commercial Insurance Companies) are encouraging home/community-based care because of tremendous cost savings as compared to nursing homes. All of these factors contribute to a vibrant home healthcare industry that is growing at more than twice the rate of the general economy. This business has a reputation for providing the best in dependable, consistent, and affordable non-medical senior care services in its market area. Since it?s inception in 2018, it has been recognized as a top-tier performer among its peers, and has won the national award for fastest ramping business. Its customer satisfaction rating is excellent, and the owner has put together an exceptional team of professionals who make it a priority to always provide the highest level of client services possible. Unlike many in-home care agencies, this business generates 100% of its revenue through Private Pay and VA payments which results in excellent cashflow. Approx. 90% of individual receivables are set as ACH payments further boosting cashflow, and reducing administrative costs. The company has minimal Accounts Receivables, and boasts of industry-leading KPIs. It is accredited by The Home Care Alliance of Massachusetts, a distinction that fewer than 25% of home care companies in Massachusetts have earned. Owner has grown the business rapidly but now needs to step away due to competing family priorities. She will provide training to ensure smooth and orderly transition, and is willing to enter into a non-compete agreement with the buyer. This is a significant opportunity for an individual interested in becoming a part of this dynamic industry.

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Reason for Selling:

Other family priorities have taken precedence

Additional Details:

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

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