Business For Sale

Senior Home Care Grossing 863K

Omaha, NE
Douglas County


Asking Price: Annual Revenue:
$843,000 $863,242

Services: Non-classifiable


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RE: Senior Home Care Grossing 863K Broker: Cortney Sells
Owner Financing is Available!
15% ($126,450).

Quick Facts

Asking Price: $843,000
Annual Revenue: $863,242
Net Profit: Not Disclosed
Cash Flow: $212,285
Total Debt: Not Disclosed
FF&E: $59,972
Real Estate: Not Disclosed
Year Established: 2004
Employees: 17
BBN Listing #: 529834398
Broker Reference #: HEA002

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Business Overview:

With 17 medically certified and experienced caregivers on staff, this business requires no medical background in order to own it. Begun in 2004 and serving Omaha and surrounding communities, this company’s mission is to provide professional medical assistance to patients who wish to continue living in at home.

The 4 full-time RNs, 1 full-time LPN and several part-time caregivers provide short and long term assistance, offering skilled nursing care, pain management, dressing changes, meal assistance and more. While employees are generally scheduled between 8am and 8pm, staff is available to provide help 24/7. However, 90% of patients are seen during the day.

This Business is a certified provider for Aetna, BCBS of Nebraska, Medicare, Medicaid, Coventry and more. Reimbursement from insurance companies is generally between 5 and 20 days. Roughly 90% of patients are under Medicare and Medicaid, with the rest covered by private pay and VA.

The current owner is selling in order to move to California, but will provide up to one year in training and support. While she does play a significant role in the business, a new owner would be able to pass some of that responsibility onto the office manager, who is fully trained on the seller’s duties. Business has had consistent growth in sales over the past four years with 2016 grossing $863,242, a 13% increase from 2015 and a 24% increase from 2014.

Growth exists in expanding services into western Iowa and providing non-medical care, such as house cleaning, personal grooming and errand assistance for seniors. Insurance companies continue to contact this business for care, but the current owner has not expanded in order to suit her needs. Hiring and training more staff could easily capture the growing need for the services this company provides.

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Property Features and Assets:

Leased at $1,700/month. Equipment: $29,973 - all furniture, equipment. Vehicles: $30,000 (2014 Honda Civic & 2012 Honda Civic) Affiliations: Nebraska Chamber of Commerce, Medicare and Medicaid certified, accredited by Joint Commission on Accreditation of Healthcare Organization. Intangible Assets: Relationship with several providers along with all usable Marketing Material and website content. Certified Provider for: Aetna, BCBS of Nebraska, Centers for Medicare & Medicaid, Coventry, DHHS, Humana, League of Human Dignity, Midlands Choice, United Healthcare.

Market Competition and Expansion:

Growth exists in expanding services into western Iowa and providing non-medical care, such as house cleaning, personal grooming and errand assistance for seniors. Insurance companies continue to contact this business for care, but the current owner has not expanded in order to suit her needs. Hiring and training more staff could easily capture the growing need for the services this company provides.

Reason for Selling:

Moving to California.

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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