SOLD -Home Care Agency -Nursing Services and Personal Care

Price: $2,000,000

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
  Skilled Nursing
  HHA MLTC
  HHA Private
  Medicaid
  Private Nursing
  (Including 7 Live-in)

Down Payment: $0

Gross Revenue: $7,420,000

Cash Flow: $800,000

FFE: $25,000 (Included in price)

Terms & 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

Employees: 126

Managers: 1

Security on Lease: 8000

Lease Option: Yes

Monthly Rent: 4000

Type of Location: Office Building

Square Footage: 1000

Facilities Information:

Nice professional office setting ,center of county , near subway and bus.