$835K Two Location Louisiana Home Care Agency

New Orleans, LA
Orleans Parish


Asking Price: Annual Revenue:
$389,000 $835,139

Services: Senior Living & Care, Assisted Living


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RE: $835K Two Location Louisiana Home Care Agency Broker: David Keene

Quick Facts

Asking Price: $389,000
Annual Revenue: $835,139
Net Profit: $201,048
Cash Flow: $201,048
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 10
BBN Listing #: 369854605
Broker Reference #: UMCC#031905

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Business Overview:

This is a Multi location, non-franchise home care agency serving the Medicaid eligible population in Region 1(New Orleans, Jefferson, St. Bernard, and Plaquemines) and Region 2 (St. John, St. Charles, St. James, Lafourche, Terrebonne, St. Mary, and Assumption). In June of 2019 the state increased the reimbursement schedule for all services the agency provides. This rate increase was retroactive to January 1, 2019.

Annualized 2019 revenue of $835,139 with seller discretionary earnings of $201,048. A moratorium continues for the issuance of new licenses to provide services through the various state Medicaid community waiver programs. Due to the moratorium there is a significant barrier to entry and as consolidation continues the number of competitors has decreased. This agency has two licenses; one in each location.

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Property Features and Assets:

Operates for two office locations. Once in each region they serve.

Market Competition and Expansion:

Limited new competition due to moratorium.

Reason for Selling:

Relocation

Additional Details:

  • The property is leased.
  • The owner is not 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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