Business Overview

This acquisition opportunity is a community based healthcare organization that provides Personal Care and Skilled Nursing Services for in-home and out of home clientele. The agency is licensed by the State of Georgia to provide in-home healthcare services for young clients, the elderly, and those with developmental disabilities. Services are rendered by compassionate CNAs who are supervised by experienced RNs. Services include Personal Support Services, Companion Sitter, Personal Care & Elder Care Services, Skilled Nursing (provided by RNs and LPNs). The Developmental Disabilities Department oversees and implements the NOW & COMP Services, as well as CLS, Host and Group Homes, and an Adult Health & Day Support Center.
All personal services begin with a clinical assessment of the patient in the client’s home by a Registered Nurse. Caregivers and CNAs offer companion support and have been specifically trained to help with daily activities and personal care needs including: bathing, dressing, grooming, toileting, meal preparation and feeding, minor housekeeping, running errands, assistance medications and medical appointments. For individuals with developmental disabilities, services are authorized through the Division of Behavioral Health and Developmental Disabilities (DBHDD). The individual services are based on the service descriptions identified through the NOW & COMP, which is a Medicaid waiver. Additionally, the Company also provides services to an Adult Health and Day Support Center that assists with the disabled, chronically ill, frail, the elderly and participants diagnosed with Alzheimer’s.
KEY COMPANY HIGHLIGHTS:
• Substantial Pool of Professional Medical Industry Staff Members: All Staff Members are W2 Employees
• Well-established Repeat Business
• Great Opportunity for Any Buyer: There are NO Key Employees – Not Even the Owner
• Accreditations Include Community Health Accreditation Program (CHAP) and Council on Accreditation (COA).
• Company Accepts Georgia’s Medicaid Program, a Variety of Private Insurance Plans, and Private Pay

Financial

  • Asking Price: N/A
  • Cash Flow: $703,000
  • Gross Revenue: $3,302,842
  • EBITDA: N/A
  • FF&E: $200,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 1997

Detailed Information

  • Property Owned or Leased:N/A
  • Property Included:N/A
  • Building Square Footage:N/A
  • Lot Size:N/A
  • Total Number of Employees:114
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

The business owns and operates from four facilities; all Real Estate is available for purchase at fair market value.

Purpose For Selling:

Retire

Additional Info

The business was established in 1997, making the business 25 years old.

Why is the Current Owner Selling The Business?

There are all types of reasons people resolve to sell companies. Nevertheless, the genuine reason vs the one they tell you might be 2 entirely different things. As an example, they may state "I have way too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But also, for some, these may simply be excuses to try to hide the reality of transforming demographics, increased competitors, recent reduction in revenues, or an array of other factors. This is why it is really important that you not count completely on a seller's word, however rather, make use of the vendor's solution together with your overall due diligence. This will paint a more sensible picture of the business's current scenario.

Existing Debts and Future Obligations

If the current company is in debt, which numerous companies are, then you will have reason to consider this when valuating/preparing your deal. Lots of businesses take out loans in order to cover items like stock, payroll, accounts payable, so on and so forth. Bear in mind that occasionally this can imply that profit margins are too small. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to think about. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing contracts with vendors that have to be fulfilled or might cause charges if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Just how do companies in the area bring in brand-new consumers? Most times, businesses have repeat consumers, which form the core of their day-to-day earnings. Specific elements such as new competition growing up around the area, road building and construction, and also staff turn over can influence repeat consumers and adversely impact future incomes. One crucial point to consider is the area of the business. Is it in a very trafficked shopping mall, or is it concealed from the highway? Certainly, the more individuals that see the business regularly, the greater the possibility to develop a returning client base. A final idea is the general area demographics. Is the business placed in a densely populated city, or is it situated on the outside border of town? Just how might the regional mean household income impact future income prospects?