Location: Queens,New York
Industry: Health Care and Fitness
Listing ID: 2102020
This agency is a leading full-service home care agency licensed by New York State Department of Health to provide Home Health Aide, Personal Care and Nursing services . For over Twenty years, they provide services throughout Manhattan, Brooklyn, Queens, Bronx, Staten Island and Nassau County.
Seller is planning her retirement and would like to sell only 49% of the agency at this time to a “hands on” operator that will take over the day to day running of the agency. Seller believes that a marketing focused partner will be able to bring the agency to its potential.
Seller will give an option to the partner to purchase the remaining 51% ownership, over time.
Please note that there are NY DOH Moratorium restrictions to consider while structuring the purchase.
- • Revenue 2019 – $ 7,500,000
• SDE 2019- $ 750,000
• Asking Price for 49% of the business – $ 2,000,000
• 6 Office Employees
• 120 Aides and Nurses
• Rent – $4000
• Bi Weekly Payroll – $ 230,000
• Established – 1996
• Licensed 5 Boroughs NY and Nassau
• Payors- MCO/MLTC/Private
(Including 7 Live-in)
Gross Revenue: $7,420,000
Cash Flow: $800,000(Included in Price)
FFE: $25,000 (Included in Price)
Terms and Conditions?:
49% ownership is being offered at this time !
Reason For Sale:
Exit planning - Retirement.
Training & Support:
Owner will stay, train and help run the business.
Year Established: 1996
Year of Last Acquisition: 1996
Days & Hours of Operation: 7 days.
Owner Hours Per Week: 40
Security on Lease: 8000
Lease Option: Yes
Monthly Rent: 4000
Type of Location: Office Building
Square Footage: 1000
Nice professional office setting ,center of county , near subway and bus.