Listing Number: 21997-288446
Description
This is an established non-medical, long-term in-home care business that has been in operation for three years. The company currently serves 60 clients and invoices 1,800 hours of care per week.
The business operates on a unique and highly successful model, with the majority of its 70 W2 caregivers being family members of the clients. This family-focused approach leads to exceptionally low employee turnover and minimal overhead. All business is generated through referrals from Medicaid and existing contracts with four insurance providers , resulting in zero marketing costs.
A significant, immediate growth opportunity exists. The company has already fully secured a Medicaid contract, a homecare license, and contracts with three insurance providers to operate in Texas. This new market is ready for operations to begin immediately. Other growth avenues include adding more Medicaid clients in Arizona and expanding into private care services.
The current owners manage all functions and estimate a new owner could be trained in one month. They are willing to consult for an extended period post-sale to ensure a smooth transition.
Listing Details
- Price: $3,500,000
- Down Payment: $350,000
- Sellers Discretionary Earnings: $685,359
- Total Sales: $2,329,005
- Location: Maricopa County, Arizona
- Inventory: $0
- FF&E: $0
- Employees: 70
- Reason for Selling: Other opportunities
- Category: Medical Related Biz
