Growing Non - Medical Senior Home Care Company
Location New Jersey,United States
Asking Price Range $1.0M - $2.5M
Gross Revenues $2150000
Net Profit / Cash Flow $243000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 2001
Number of Employees 50 - 99
Relocatable Not Disclosed
Number of Employees 50 - 99
Real Estate Owned
Training Seller will support a business transition for up to 90 days post close.
Reason for Sale Retirement
Description This licensed home care firm is an established market leader located in the attractive central New Jersey market. Its clients are affluent "self pay" seniors that need assistance with daily living including but not limited to personal care, meal preparation, and companionship.
Its strong brand name and referral source network support a revenue base of more than $2.15 million and owner cash flow of approximately $243,000.
The Company employs a staff of 5 and 90 part-time caregivers that provide approximately 4,450 hours of service per week to 70 clients in their residences.
The Company's revenues have been generated largely on a referral basis supported by an aggressive advertising and public relations effort. Private pay billing rates for supported services average $19.35 per hour. Special rates apply for "Live-In" care.
The firm has enjoyed double digit growth over the last two years and is poised to show record Owner Income in 2012.
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