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Well-Established Home Care Business with Proven Success!

Middlesex County, NJ
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Asking Price:$5,100,000
Gross Revenue:$5,000,000
FF&E:$40,000
Cash Flow:$500,000
Rent:$4,500/Month
Established Year:2001
Listing ID: 2275352Listing provided by BizBuySell
BUSINESS DESCRIPTION

Ideal Investment in a Booming Market!

This reputable and growing Private Duty Home Care Agency, independent and non-franchised, offers Personal Care Assistant (PCA) services to residents across New Jersey, with a strong presence in Central and Northern regions. We pride ourselves on our excellent caregivers, a skilled management team, and well-established referral sources. The agency is accredited with major Managed Care Organizations (MCOs) such as Horizon, New Jersey Health, Aetna Better Health, Wellpoint (Amerigroup), and Fidelis Care (WellCare), as well as the Department of Veterans Affairs, Board of Social Services, County and other government programs.
Accredited by CHAP, our agency is recognized as 100% compliant with government regulations and CHAP standards. We serve over 200 satisfied patients each month, with most clients and caregivers referred through word of mouth and minimal advertising efforts.
Additionally, the business includes a Board of Nursing-approved Home Health Aide (HHA) training school, which is regarded as one of the best in the industry. We conduct a 76-hour training class for home health aides every month, ensuring a steady supply of highly trained professionals.

DETAILED INFORMATION
Location
Middlesex County, NJ
Inventory
Not Included in asking price
Real Estate
Leased
Building SF
1,700
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Computers, desks, furniture. The building is owned by the seller. The terms of the lease can be negotiated.
Competition
NJ has a growing elderly population, which is a primary driver for home care services. As more seniors prefer to age in place, the demand for private duty home care is expected to increase. With an increase in chronic health conditions like diabetes, heart disease, and mobility issues, more individuals require ongoing care and support, further driving demand. There is also demand for short-term care services following hospitalizations, surgeries, or medical treatments. The business is located in the prime location and is very easy to find.
Growth & Expansion
Expanding into underserved or high-demand areas within New Jersey, such as Monmouth and Ocean, counties, can capture new markets. Expand private pay services that cater specifically to the cultural needs and preferences of diverse ethnic communities, potentially increasing revenue. Related services such as physician home visits can add significant revenue stream.
Support & Training
We will provide training and support needed for successful operation
Reason for Selling
The owner is looking to retire.
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