Non-Medical Home Care - Net Almost $300,000
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1928454
Net Profit / Cash Flow $293948
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2001
Number of Employees > 200
Relocatable Yes
Number of Employees > 200
Real Estate Leased
Training 1 month at 20 hours per week.
Reason for Sale Other, non-related, business interests.
Description Company provides non-medical home care. Services include Home Nursing - Elder Care - Medication Reminders - Housekeeping - Companion Care - Mommy's Helpers. No medicines are administered. Staff are on-call 24/7. The company does offer live-in services, and also 24/7 care. Since this is non-medical home care, medicare is not accepted. So, this company is not subject to the Federal Government changing medicare reimbursement rules, extra billing, etc. Roughly 98% of their revenue is generated from their 15 referral partners. These are well known local and national agencies that assist in finding social services for their members. There are contracts with all 15 agencies, that specify an hourly rate, though do not guarantee any number of patients that will be referred. Their caregivers are all employees. All are licensed, bonded, insured, and screened. To help keep the highest quality of service possible, they keep in touch with the patients, and do surprise field visits. Contact for more information on this Home Care business for sale.
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