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Businesses For Sale   >>   Cleveland Businesses For Sale   

Home Health Care Agency

Location  Cleveland, Ohio, United States
Asking Price Range  $250K - $500K
Gross Revenues  $1181000
Net Profit / Cash Flow  $115000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  2005
Number of Employees  50 - 99
Inventory  5000
Relocatable  No
Number of Employees  50 - 99
Real Estate  Leased
Training  Seller to provide training as part of a purchase agreement
Reason for Sale  Retirement

Description  
9+ year old franchise, Sub Chapter S home health care business for sale in an affluent area of northern Ohio providing caregivers to the elderly in the home, apartment, condo, independent living facility, assisted living facility, Alzheimer's unit and hospital for clients throughout its service area. Services offered include private duty nursing, personal care, companionship, errands, light housekeeping light meal prep, meal reminders, transportation, nursing assessments for long term care insurance companies and more. The company provides care from a minimum of two hours per week to 24/7. Service area includes parts of 3 counties in northern Ohio. The business also provides Medicaid services through Passport for patients over 60 and Ohio Home Care Waiver services for patients under 60. Private Pay: 75% of in-home service revenue Passport & Waiver: 25% of in-home service revenue In 2013, the company was audited by the franchisor and Passport with both entities giving their stamp of approval and no money had to be refunded. The franchisor is a growing company, which has created a national brand with a television budget and an online presence designed to assist the franchise owner. The franchisor is one of the top five franchises for this type of business and offers its franchisees significant training. For more than a decade, the franchisor has helped seniors and adults live independently by providing its clients with permanent or as-needed care. The Sellers bought this company as a fledgling business in 2005, incorporated and grew the business from revenues of $85K to $1.2MM. The Sellers are looking to retire and divest all of their interest in the company.


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