Business Overview:
In operation since the early 2000’s this agency is licensed to provide non-skilled services throughout the entire state. They provide services to both the Medicaid eligible population through the CHOICES waiver program and the private pay market. Gross 2019 revenues were just under $5.2M. Breakdown of census and gross revenue is roughly 80% waiver and 20% Private Pay. Trailing three year average seller discretionary earnings as a percentage of sales is 18%. Strong management and care giver team in place and the current owner’s day to day responsibilities are limited to small accounting functions. The agency can and does operate in the absence of the owner.
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Property Features and Assets:
Operates from multiple leased locations.
Market Competition and Expansion:
Senior population continues to grow in the US and bulk of aging population prefers to have care in the home.
Reason for Selling:
Pursue Other Interest
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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