Non-Medical Home Care: Payor mix of Medicare, Private and Insurance

Seller Financing Available

This home health company based in Nebraska had a 44% profit margin in 2021 with 5 office administrators and 43 caregivers on staff. This company has been operating for 30 years, but this location has been open since 2018 providing care to Local clients of all age ranges, not just the elderly like most competitors. This business works well with Medicare, long term Care Insurance and also offers private financing options. Services offered by the 43 caregivers on staff include Grooming and hygiene, transferring and positioning, conversation and companionship, light housekeeping, toileting and incontinence care, transportation, medication reminders, nutrition and meal prep, grocery shopping and other errands. This business has gained a great reputation due to the company’s excellent service. The current owner has offered 6 months of training and their responsibilities include general oversight which averages 15 hours a week. With a very low multiple of 2.75 and a $170,000 Fair Market Valuation discount due to the current owners need to move, this business is primed for new ownership.

Priced at $715,000, a 25% down payment of $178,750 returns $166,224 on the first year! The assets included in the purchase are valued at $60,000 and this includes office furniture, computers, webcams, printers, and a vehicle. This reputable company continues to grow due to their willingness to go the extra mile for their clients and consistent referrals. They currently operate out of a modest office space with 5 offices and a low overhead. Growth opportunities include developing an established marketing plan, partnering with insurance companies to expand services, hiring a sales representative to further expand the client flow, and advancing current marketing tactics.