$2.2M Medicare Certified Illinois Home Health

Chicago, IL
Cook County

Chicago Metro


Asking Price: Annual Revenue:
Not Disclosed $2,120,504

Services: Senior Living & Care, Assisted Living


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RE: $2.2M Medicare Certified Illinois Home Health Broker: David Keene

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,120,504
Net Profit: $476,516
Cash Flow: $476,516
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2004
Employees: 27
BBN Listing #: 894354605
Broker Reference #: UMCC# 180314

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Business Overview:

Profitable Medicare Certified Illinois Home Health Agency. In operation since 2004 this Medicare Certified agency is licensed to serve the Chicago Metro area. Annualized 2019 Gross Revenue of $2,120.504 with adjusted net profits of $477K. Excellent caregiver and referral base as well as key administrative employees and experienced home health marketers. Anticipated 2019 gross revenues are $2.3M The recent closure of a competitor has allowed this agency to hire the experienced marketer and increase the care giver roster as well as admitting some of the patients that still needed care. Due to this the anticipated 2019 gross revenues are $2.3M+ with net profits of $506K+.

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Property Features and Assets:

Well located on near major interstate. Lease has 60 day termination clause so re-location is possible.

Market Competition and Expansion:

Market has gone through recent regulatory mandates specific to Home Health that has resulted in reduced competition.

Reason for Selling:

Pursue other business 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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