Home Health Care
| Asking Price: | $1,275,000 |
| Gross Revenue: | $1,650,000 |
| EBITDA: | $320,000 |
| Established Year: | 2013 |
| Cash Flow: | $320,000 |
| Inventory: | $1,000 |
| FF&E: | $10,000 |
This is an established and highly regarded home health care company. Started in 2013 the current owners purchased the business in 2019. They have close to tripled the business in just five years and this current fiscal year is on paced to reach $1.9M to $2.0M in revenue.
They are a private pay provider. They do not deal with Medicaid. They collect from insurance and also have the VA contract in place.
The owner is an RN and does most of the client evaluations. They have an administrator who does the caregiver onboarding and the scheduling. There are approximately 55 W-2 employee caregivers. They currently are servicing 55 clients. Operations are conducted out of their home and they pay themselves a nominal rent of about $16,000 a year.
Their year ends July 31. For the year ended on July 31, 2022 revenue was in the $1.1M range for the year ended July 31, 2023 revenue was a little over $1.2M. For the year that just ended July 31, 2024 revenue came in at $1.65M. The current year which started August 1, 2024 is expected to come in between $1.9M and $2.0M The seller’s discretionary earnings (SDE) for the fiscal year that just ended on July 31, 2024 came in at $320,000.
We are offering the business at $1,275,000.
