Lucrative, Turn Key, Semi-Absentee, Home Care Comp

Not Disclosed, NC

Asking Price: Annual Revenue:
$875,000 $7,396,993

Services: Medical, Dental

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RE: Lucrative, Turn Key, Semi-Absentee, Home Care Comp Broker: Don Emmett
Owner Financing is Available!
$87,500 down/$70,000 over 60 months @ 8% Prequalified for lender financing for qualified buyers. Some seller financing available, for qualified buyers, depending on deal structure and terms.

Quick Facts

Asking Price: $875,000
Annual Revenue: $7,396,993
Net Profit: Not Disclosed
Cash Flow: $345,228
Total Debt: Not Disclosed
FF&E: $6,000
Real Estate: Not Disclosed
Year Established: 2011
Employees: 83
BBN Listing #: 94964955
Broker Reference #: 1310-15910

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Business Overview:

An excellent opportunity to purchase a well-established, Semi-Absentee, and turnkey home care company. The business is a very profitable and well-established company. This NC Home Care Agency has solid management in place, which allows the owner to visit the office only one day per week. The owner and management have consistently grown revenue, with plenty of room for additional growth.

The business, serves Medicaid, insurance, and private pay patients and covers the south-central portion of the Tar Heel State. In a given week, the Company serves between 80 and 90 patients with about 80 caregivers. Over the course of a year, the company will serve approximately 100-120 total patients.

There are significant opportunities for growth – the Company has not marketed or had a dedicated sales effort in several years. An ideal purchase for a new owner-operator or an existing company that wants to extend its patient and caregiver base. Recent NC reimbursement rate increases have increased margins and profitability.

The Company provides a wide variety of services, resulting in multiple revenue streams and reduced reliance on a single program or payer:

· Non-medical/Companion care

· Personal care & meal preparation

· Services for children and adults

· Light Housekeeping

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Property Features and Assets:

The Business is operated from a modern office in a popular strip mall. The company has complementary businesses for neighbors. The office is 850 square feet with three offices and a front reception area. The sellers anticipate that this space that they have used for 9 years will continue to be adequate for many years to come. Monthly rent is $865. Assets= $7,000

Market Competition and Expansion:

There are a limited number of Home Care agencies in close proximity. The company's reputation gives them an advantage with new customers. The Industry is in a strong growth mode. The rapidly aging population (Boomers and their parents) provides a consistent flow of new customers. The business is currently marketed only through word of mouth. Substantial growth opportunity exists for a new owner to launch a sales and marketing effort with hospital discharge planners, the VA hospitals, veteran’s groups, and case managers. Specifically, increasing the marketing for the private pay market along with increasing prices could add significantly to the bottom line.

Reason for Selling:


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.

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