Listing ID: 73368
***We are pleased to announce that this business has been SOLD***
This home health care business has all the components you need to capitalize on the existing infrastructure and relationships to grow to the next level. Servicing Franklin, Fairfield, Licking, Muskingum, and Richland counties, this home health care has an extensive reach that can be utilized in growing the business further.
Patient data is maintained in both paper charts and electronically. In addition to the business using Alora for electronic patient files, it is used for Aide Care Connect and Electronic Visit Verification keeping this home health company compliant with the most current regulations in the home health care industry.
The experienced staff includes a Human Resources Manager, Director of nursing, five R.N.s, eight L.P.N.s, and 15 H.H.A./STNA.
Certified for Passport, DODD, Medicare and Medicaid as well as some major insurance companies this business is primed for growth.
The current census is 23, with referrals from family members and case managers contributing to client expansion.
- Asking Price: $380,000
- Cash Flow: N/A
- Gross Revenue: $1,230,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:32
- Furniture, Fixtures and Equipment:N/A
Owners are moving in separate directions.
The venture was established in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. However, the genuine factor and the one they say to you may be 2 totally different things. As an example, they may state "I have a lot of other responsibilities" or "I am retiring". For lots of sellers, these factors are valid. However, for some, these may simply be reasons to try to hide the reality of altering demographics, increased competition, recent reduction in revenues, or a variety of other reasons. This is why it is extremely essential that you not count totally on a vendor's word, however instead, use the seller's response together with your overall due diligence. This will paint a more reasonable image of the business's existing scenario.
Existing Debts and Future Obligations
If the current business is in debt, which many businesses are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses take out loans so as to cover things such as stock, payroll, accounts payable, and so on. Remember that in some cases this can mean that earnings margins are too tight. Many businesses fall into a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to think about. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with vendors that must be satisfied or might result in charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new customers? Many times, businesses have repeat customers, which form the core of their day-to-day profits. Particular elements such as new competitors growing up around the area, roadway building and construction, and staff turnover can influence repeat clients as well as adversely influence future revenues. One important point to take into consideration is the area of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more people that see the business on a regular basis, the better the possibility to develop a returning consumer base. A last idea is the general location demographics. Is the business situated in a densely populated city, or is it situated on the edge of town? Just how might the local median house earnings impact future income potential?