MergerPlace

Profitable Home Health Care Business

Texas (Harris)


  • Asking Price: $1,250,000
  • Gross Income: $1,856,198
  • Cash Flow: $337,340
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $237,380
  • Listing ID: #197031
  • Established: 1995
  • Employees: 56 FT/ 3 PT

Business Description

Murphy Business & Financial Corporation is pleased to present for sale, a profitable and growing business in an industry sector that has a plethora of opportunity with the baby boomer aging phenomenon; home health care. This business has a rich history of success that a buyer can rely on as they grow the business and make it even more profitable that it is today. The ability to provide care for the elderly or those in need of special care is a gift and as the owner of this business; you will be able to provide a valuable service as well as generate a very nice, cash on cash, return on your investment.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: Texas
County: Harris

Company Information

Year Established: 1995
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 56 FT/ 3 PT

Financial Information

Asking Price: $1,250,000
Gross Revenue: $1,856,198
Cash Flow: $337,340
FF&E: $237,380
Seller Financing Available: Yes

Property Information

Facilities:

The current owners lease facilities. Lease Area = 3555 sq. ft. of total building size 8500 sq. ft. Total monthly payment = $5,588.96 includes CAM Charges we are capped at not to exceed $17,000 per year for CAM and Taxes. 36 Month Lease Term started 1/8/16. Lease is renewable 60 days before expiration date, expiration and options to renew. Leased premises includes gated parking area and use of CAM restrooms.

Growth & expansion opportunities:

Home Health Care provides an overabundance of opportunity for a Buyer. While our Sellers have done well, a Buyer would expand their marketing efforts to the other counties they are licensed in and diversify to include other payers, pursue buildup of sitter services and private duty.

Competition:

There are over 1,000 agencies in the Seller’s market and each is a major competitor. The business we are representing ranks high in reputation among their competitors by providing quality home health care as evident in consistent cash flow and profits and that 45% of the Referrals coming from either online or word of mouth.

Reason for selling:

The business is owned by partners and there are several reasons for selling; health, longevity; and passion for another business opportunity.

Support & Training:

Will train for 2 weeks @ no cost. The business provides medical and non-medical home health care through private pay and MediCare and MediCaid. The administrator must be a licensed physician, a registered nurse, licensed social worker, a licensed therapist or a licensed nursing home administrator.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Richard Gadberry

Murphy Business Brokers