$5.7M Ohio Home Care Agency

Cleveland, OH
Cuyahoga County

Cuyahoga and Surrounding Counties


Asking Price: Annual Revenue:
Not Disclosed $5,647,581

Services: Senior Living & Care, Assisted Living


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RE: $5.7M Ohio Home Care Agency Broker: David Keene

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $5,647,581
Net Profit: $1,247,271
Cash Flow: $1,247,271
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 120
BBN Listing #: 892154605
Broker Reference #: UMCC#281903

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Business Overview:

This agency has been in operation since 2004 and provides services to the Medicare and Medicaid eligible population in Cuyahoga and surrounding counties. They have a current census 369 with 364 in various waiver programs and 5 being reimbursed through Medicare. Steady year over year growth with YE 2018 topping out just under $5.7M with net profits of $772,000 and Sellers Discretionary Earnings nearing $1.25M. Agency can and does operate in the absence of the owner with key management available for continued employment.

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Property Features and Assets:

Office is well located on bus route.

Market Competition and Expansion:

Typical for the industry.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • 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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