** UNDER AGREEMENT **
An established and highly profitable home care business is available for sale! Faced with an aging population, increased interest in home healthcare and expanded access to Medicare and Medicaid under the Patient Protection and Affordable Care Act (PPACA), strong and steady revenue growth seems likely for the Home Care Providers industry. Moreover, age-related illnesses are typically more able to be addressed by home care providers. This business has grossed $2,500,000 in revenues year over year and 2013 Seller's Discretionary Earnings were $350,000!
The owner started the business in 2000 and currently serves over 100 clients regularly throughout Middlesex County. The owner employs over 100 caregivers and has a full office staff. She is selling to retire and move out of state.
Over the five years to 2014, IBISWorld estimated that the number of people aged 65 and older has expanded at an average annual rate of 2.7% to 45.3 million individuals. That equates to over 500,000 people turning 65 each year. According to senior advocacy organization, AARP, the majority of people older than 50 want to live in their homes as long as possible. In addition, home care averages about $50 per day, which compares favorably with payments for hospice care ($135), skilled nursing facilities ($303) and hospitals ($1,479).
The business is operated out of an office that is available for rent or for purchase. Rent will be negotiated by both parties and the owner would provide a long-term lease. The real estate is not included in the purchase price.
GROWTH & EXPANSION
Currently, there are over 57,000 seniors in Middlesex County so the potential for further growth is incredibly strong.