Lucrative Home Care Agency - 32266

Not Disclosed, NY
Kings County

Asking Price: Annual Revenue:
$6,400,000 $7,800,000

Services: Medical, Dental

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RE: Lucrative Home Care Agency - 32266 Broker: Joseph Stansky
Owner Financing is Available!
$4,500,000.00 Down

Quick Facts

Asking Price: $6,400,000
Annual Revenue: $7,800,000
Net Profit: Not Disclosed
Cash Flow: $1,161,146
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 204
BBN Listing #: 92744447
Broker Reference #: 32266

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Business Overview:

For existing Home Care Agency owners: Licensed Home Care Service Agency (LHCSA) available for purchase. Licensed in the 5 boroughs and Westchester. This license presents value to those who understand the industry. Provides Home Health Services, given at home, to recovering, disabled, or chronically ill people. This company uniquely specializes in home care for the deaf, deaf-blind, and hard of hearing. Almost 200 Aides service 160 patients including sixteen (16) 24 hour live -ins. Also, Spanish and Russian proficiency. Uses HHA Exchange software for seamless operational, compliance and billing capabilities. 2018 Net Income was $961,000 on $6.4m gross revenue. 2019 revenue YTD is $150,000 per week ($7.8m annual gross) with an expected net income of to owner of $1,161,000. Company bills approximately 7100 hours per week with room for growth. Little marketing to hospital discharge and social workers, etc. RNs work per diem re-assessing all patients every 6 months. 24-hour observations are provided to evaluate if extra hours are required. All Medicaid. Billing done in house; 7 office staff. Clean DOH audit in 2018. There has been tremendous growth in this field as the need for these services continues to grow. On pace to grow sales to $8m in 2019 which is 20% more than prior year gross revenues. Dept of Health allows Home Care License TRANSFER to EXISTING LHCSA OWNERS ONLY. Buyers will have to provide the name of their Home Care Agency and significant proof of liquid funds (At least $2 million) for the name of the Home Care Agency and a meeting with the owner. No financials will be provided until after a meeting with the owner. Contact broker Joseph Stansky for more details.

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Reason for Selling:

Partner issues.

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 not a franchise resale opportunity.

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