MergerPlace

Home Health Agency with

not disclosed, Florida (Miami-Dade)


  • Asking Price: $1,350,000
  • Gross Income: $3,790,508
  • Cash Flow: $470,462
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $28,735
  • Listing ID: #226404
  • Established: 1995
  • Employees: 10 FT/ 60 PT

Business Description

Successful and profitable Home Health agency established in 1995, licensed in three counties: Miami-Dade, Broward and Monroe. Medicare accredited in Miami-Dade and Monroe. In Broward the company has a standard license and a Medicaid Provider number. Both areas are joint commission accredited. The agency provides skilled nursing, home health care, physical therapy, occupational therapy, respiratory therapy and social worker. The business has created through the years a great referral network from insurance companies, doctors office, pharmacists, workers compensation etc. Great staff in place, among them: 8 IV certified nurses, 8 phlebotomist. Current census is 63 patients down from average numbers due to the pandemic. Contracts with several insurance companies. Real Estate is available for sale.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: Florida
Metropolitan Area: not disclosed
County: Miami-Dade

Company Information

Year Established: 1995
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 10 FT/ 60 PT

Financial Information

Asking Price: $1,350,000
Gross Revenue: $3,790,508
Cash Flow: $470,462
FF&E: $28,735
Seller Financing Available: No

Property Information

Facilities:

Two of the owners of the business own the real estate. The real estate is available for sale or for lease. Space is 1,482 sq ft. The monthly rent will be $ 3,436 per month. Seller willing to sign a long term lease.

Growth & expansion opportunities:

A new owner, with new energy can definitely grow this business. It has all the licenses, and it is well positioned to be taken to a higher level of revenues and profitability.

Competition:

There are several other Home care agencies in the market. The strengths of this business are the accreditation's, years in the industry, network of referral sources and the pool of nurses.

Reason for selling:

Person who ran the business passed away.

Support & Training:

Will train for 2 weeks @ $0 cost. The business has Medicare licenses for Miami-Dade and Monroe and Standard license and Medicaid Provider number in Broward. The business is Joint Commission accredited in all areas. All nurses are certified and have their own liability insurance.

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Business Listed By:

Andy Fischer

Murphy Business Brokers