Home Health Care Agency Great Reputation For Sale

Business description

The Company is a locally owned freestanding home health agency. They average 70 plus patients on service at any given time, while providing professional skilled nursing, physical therapy, occupational therapy, speech therapy, medical social services, and certified home health aides. The owners have 35 years of nursing experience, and have been in the home health arena for 25 plus years. The agency has area wide name recognition with an exceptional reputation, while being known for the quality of care and the impeccable service they provide to their patients, referring physicians, and the community and surrounding areas.

The 2008 estimated gross revenues for the home health agency are based on $1.145 million with estimated cash flow of $285,000. Additional cash flows could be realized if this business was merged with an existing company, and redundant expenses were eliminated.

Property information

Real Estate:

Lease

Lease terms:

The agency leases their office space, which is located in a one-story freestanding brick office building, and has been at this location since 2007. The office space is approximately 3,300 sq. ft., with their current rent at $2,250 per month through November 30, 2008.

Other information

Expansion potential:

The owners have increased their private insurance revenues and based on their location, private insurance revenues could potentially be increased if marketed properly, coupled with further expansion of their pediatric services.

Competition / Market:

There are approximately 10 home health agencies in this area; however, the agency has never been affected in any way by any of these agencies. This agency possesses very strong local recognition while having an excellent reputation. In addition, the majority of the their skilled clinical team have been with them since inception, which is one of the reasons their patient / physician referral rate is so high. They also have a pediatrics program, which sets them apart from the other agencies.

Support & training:

: The owners are willing to work with buyer for a reasonable period of time during the transition period. One of the owners would consider staying on with the new owner under a consulting agreement for an agreed to period of time, while current staff is expected to remain with company after sale.

Reasons for selling:

After 35 yrs in health care, the owner wants to retire & spend more time with family.

Financing available:

Expected to qualify for SBA financing

Furniture / Fixtures value:

$66,500 (included in the asking price)