Listing ID: 82903
Sunbelt Business Brokers of Baton Rouge presents this long standing Home Health Agency for sale in South Louisiana. Agency primarily services the greater New Orleans metro market. Business has been in operation for over two decades and received seller awards for high quality service and professionalism. Business provides a wide variety of services from physical therapy, speech therapy, medical equipment supplies, skilled nursing and more! Agency currently has approximately 30+ patients. In Louisiana there is currently a moratorium on several medical licenses including Home Health. If you want to be in the business you need acquire an agency. These agencies for sale don’t last long. Act fast before its gone!
Owner is ready to retire and has decided to sell. Seller will help train and transition new owner. Seller is open to some owner financing for a qualified buyer with a proper down payment. Contact us today for more information on this award winning agency today! Come meet the owner, see the great fit for you and make an offer today!
- Asking Price: $429,000
- Cash Flow: $150,000
- Gross Revenue: $600,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 1993
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:1,200
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
The company was established in 1993, making the business 29 years old.
The business has 2ft 5Pt employees and resides in a building with estimated square footage of 1,200 sq ft.
The real estate is leased by the company for $2,200 per Month
Why is the Current Owner Selling The Business?
There are all types of reasons individuals resolve to sell businesses. However, the genuine factor vs the one they tell you might be 2 completely different things. For instance, they might say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. But also, for some, these may just be reasons to attempt to hide the reality of altering demographics, increased competitors, current decrease in incomes, or a variety of other factors. This is why it is really essential that you not depend completely on a vendor's word, yet instead, use the seller's answer along with your general due diligence. This will paint a much more realistic picture of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses borrow money in order to cover points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that sometimes this can suggest that earnings margins are too thin. Many businesses fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may also be future commitments to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing agreements with vendors that should be met or may cause charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the location bring in brand-new clients? Most times, operating businesses have repeat clients, which create the core of their day-to-day profits. Particular variables such as brand-new competitors growing up around the location, roadway building and construction, and also employee turn over can impact repeat consumers and also negatively influence future revenues. One vital thing to think about is the area of the business. Is it in a highly trafficked shopping mall, or is it hidden from the main road? Obviously, the more individuals that see the business regularly, the higher the chance to construct a returning customer base. A last idea is the basic location demographics. Is the business placed in a densely populated city, or is it situated on the edge of town? Exactly how might the neighborhood average household earnings influence future earnings prospects?