Listing ID: 73591
This established home health care business has been servicing the Columbus Ohio area for over 12 years, providing for DODD/formerly known as MRDD, Passport & the Area Agency on Aging, Medicaid, and Medicare patients. With annual sales of over $2MM, they provide Home Healthcare Aides, Skilled Nurses, Physical Therapy and Speech Therapy. Registered in 27 counties and recognized as one of the premier Home Health Care Agencies, this business is set to continue to grow within its existing contracts with Medicaid, Medicare, Passport, Aetna, Molina, Paramount, Buckeye, Veterans Administration, Carestar, DODD, Passport Waiver and private pay. The business operates in a beautiful 2700 sq. ft. stand-alone modern office building and is fully staffed to provide services to over 80 patients. Interested parties will need to sign a non-disclosure agreement and provide a financial statement. Please refer to listing 84541-127811 and advisor Pat Bass when inquiring on this listing.
- Asking Price: $1,650,000
- Cash Flow: $462,988
- Gross Revenue: $2,305,718
- EBITDA: N/A
- FF&E: $25,000
- Inventory: $500
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:170
- Furniture, Fixtures and Equipment:N/A
Type of Location Office Facilities Monthly Rent $3,000.00 Square Units (Foot, Meter) 2,700
Seller will train for 13 weeks at no cost.
The venture was founded in 2008, making the business 14 years old.
The transaction shall include inventory valued at $500, which is included in the suggested price.
Why is the Current Owner Selling The Business?
There are all types of reasons people resolve to sell businesses. Nonetheless, the genuine factor and the one they say to you may be 2 entirely different things. For instance, they might claim "I have too many various responsibilities" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these might simply be excuses to try to conceal the reality of altering demographics, increased competitors, recent decrease in incomes, or an array of various other reasons. This is why it is very important that you not count totally on a vendor's word, however rather, utilize the seller's solution together with your total due diligence. This will repaint an extra reasonable image of the business's present circumstance.
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 offer. Many operating businesses finance loans in order to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that sometimes this can indicate that earnings margins are too thin. Many businesses fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may likewise be future commitments to consider. There may be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that need to be met or might result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new clients? Most times, companies have repeat consumers, which create the core of their daily profits. Certain elements such as brand-new competitors sprouting up around the area, road building and construction, as well as staff turnover can impact repeat customers as well as adversely impact future incomes. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the highway? Obviously, the more people that see the business on a regular basis, the greater the opportunity to build a returning consumer base. A last thought is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the local median household income impact future income potential?