Non-Medical Home Health & Recession Resistant

Business Overview:

This home health business handles the non-medical care of clients across 5 different counties! This agency has more than 50 caregivers employed and a top leadership team of 3 managers that allow the seller to work a minimal 15 hours per week. Not only are the clients for this business diversified, they will need the care offered by this establishment regardless of the current economic status, meaning this business is essentially recession resistant. The client type for this in-home care company consists of people who require more assistance within their day-day activities. Seniors, respite patients, those with dementia, and veterans are their main focus. This companion care business recently received a contract with the VA in 2021, expanding their already diverse client base. Located in Omaha, NE, their service area currently includes the Omaha Metropolitan Area and surrounding cities, reaching as far as Fremont, Ralston, Bellevue, and Council Bluffs. Primarily these caregivers are in the homes of their clients, allowing this business to operate out of a 2,800 sq. ft. office space which in return keeps the overhead cost low. The current owner is selling due to deterring health unfortunately.

Priced at $849,000, the current owner has offered 10% financing as a show of good faith in the continued success of the business after sale. This investment has exponential growth including further development the Fremont and Council Bluffs client bases, developing the newly awarded VA contract, and creating partnerships with workman’s compensation divisions. While each of these opportunities could provide significant growth with minimal additional investment, a buyer could also have the chance to enjoy their 18% profit margin if they wanted to be passive and not do anything to improve!

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Property Features and Assets:

Assets Included in Purchase: $113,215 Vehicles: $46,071 Office Furniture and Equipment: $23,387 Working Capital- $43,757 (AP is paid in full on the current balance sheet) Lease: 2,800 sq. ft. for $2,500/month

Reason for Selling:

Retirement/ personal medical issues.

Additional Details:

Documents:

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