Business Overview

This unique opportunity connects Therapists and Professionals to Home Care Agencies providing physical, occupational, speech therapy and social services for the home bound patient. They provide distinct advantages to both the therapists and the home health agencies. For the therapists, the Company not only arranges for patient visits close to their locations, but also takes away the administrative burdens. In other words, Therapists can focus on what they love most – helping patients. For the home health agencies, they are comforted in the knowledge that the therapists working with their patients have all been carefully vetted by the Company.

Largely due to its well-known unparalleled customer service, This business has experienced an increased amount of the coveted word-of-mouth referral business. Their steady flow of referrals is also the result of tireless efforts on the part of the owners to consistently stay in touch with their existing customers. This business is positioned for a a very strong growth potential.

There was a steady top line growth rate until the beginning of the COVID pandemic outbreak. They had a sharp dip in revenues in 2020 but the Run Rates in the last four months of 2020 was over 4% higher than in 2019 and they are poised to increase further in 2021 as the COVID pandemic subsides.

– Highly profitable and Strong Growth potential
– Opportunity to increase revenues by an average of 20% in the next three years.
– Profits are projected to increase by over 25% per year over the next three years.
– Experienced Employees and therapists.
– Due to superb customer service, the company has a very high retention rate with their home health agencies.
– Very realistic and “do-able” plans identified for even greater growth

Financial

  • Asking Price: $1,250,000
  • Cash Flow: $363,910
  • Gross Revenue: $2,371,586
  • EBITDA: N/A
  • FF&E: N/A
  • Inventory: N/A
  • Inventory Included: N/A
  • Established: 2017

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:725
  • Lot Size:N/A
  • Total Number of Employees:7
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

Operates in a 725 s.f. office. The monthly rent is $1300 ($15,600 annually). The lease includes insurance, maintenance and taxes. The current lease expires on January 31, 2022 and there is an option to renew.

Is Support & Training Included:

The Seller will provide transition training for up to 4 weeks at no additional charge. Any additional assistance is subject to a mutually agreeable consulting agreement.

Purpose For Selling:

The owners wish to pursue other business opportunities.

Pros and Cons:

Unique niche of providing support to Therapist and Home Services separates this business from competition .

Opportunities and Growth:

The owners have identified specific steps and activities in a business plan to increase revenues and profits over 20% for the next three years. Business Strengths: 1. Unsurpassed customer service 2. Low overhead 3. Streamlined and time-tested processes 4. The company utilizes preferred contractors/clinicians. 5. Experienced and loyal employees

Additional Info

The business was established in 2017, making the business 5 years old.

The company has 7 FT 2 PT employees and resides in a building with disclosed square footage of 725 sq ft.
The real estate is leased by the business for $1,300 per Month

Why is the Current Owner Selling The Business?

There are all kinds of reasons people resolve to sell companies. Nevertheless, the genuine factor and the one they say to you may be 2 absolutely different things. For instance, they might state "I have too many other commitments" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may just be reasons to attempt to hide the reality of changing demographics, increased competitors, recent reduction in profits, or a variety of other reasons. This is why it is very vital that you not depend absolutely on a seller's word, yet rather, utilize the seller's solution along with your general due diligence. This will paint an extra realistic image of the business's existing scenario.

Existing Debts and Future Obligations

If the existing company is in debt, which numerous companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses finance loans in order to cover things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can mean that revenue margins are too thin. Numerous businesses come under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may also be future obligations to take into consideration. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with vendors that should be satisfied or may cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do businesses in the area bring in new customers? Most times, companies have repeat customers, which form the core of their daily revenues. Particular elements such as new competitors growing up around the location, road construction, and also employee turn over can affect repeat customers and also negatively affect future incomes. One vital point to think about is the location of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Obviously, the more people that see the business on a regular basis, the better the possibility to construct a returning consumer base. A last thought is the general location demographics. Is the business placed in a densely populated city, or is it located on the edge of town? Exactly how might the local average household income effect future revenue potential?