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BUSINESS FOR SALE - PROFILE #  42560022

Non-medical Home Care Services
Metro-Denver, CO

Asking Price: $695,000   Down Payment: $695,000  
Gross Revenue: $782,000   Adj. Cash Flow*: $147,000  
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Executive Summary

Business Description


A 10-year old in-home health care provider serving clients in Metro Denver, (Denver, Arapahoe, Jefferson, Douglas, and Elbert counties). Successful and well-established business providing services to over 50 clients and employing approximately 60 caregivers. This ratio of caregivers to clients allows a dedicated caregiver per patient with additional headcount for fill-ins, days off etc.


This business generates a strong cash flow for a sole proprietor or as an add-on for an existing home health care provider. Personal Care Services offered include: ambulatory assistance, assistance with dressing, medication reminders, bath/shower assistance, hair and skin care, assisted bladder care, daily hygiene. Homemaking Services include: basic house cleaning (vacuuming, dusting, mopping, etc,), meals prepared and served, kitchen and bathroom cleaning, trash removal, dish washing, laundry service and changing linens.


Source of patient payments come from Medicaid and private pay. Referrals from Medicaid, senior centers, and limited local advertising generate new leads weekly. Growth and expansion can be realized by a new owner by expanding geographically and increasing advertising and event promotions.


Detailed Information


Offices are centrally located to the markets served. There are approximately 1,200 square feet with a reception area, two offices, a storage room, conference room and a printing room.


Business holds a Class B non-medical license and is a certified Medicare and Medicaid provider.


Office is leased and has been at its current location for 7+ years. Lease renewal is done yearly.


Support and Training


Owners will train up to 30 days with additional training as need for additional 60 days.


Reason for Selling


Semi-retirement. Both owners work at this business part-time and each has a second primary business.

Acquisition Highlights

  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2009 Inventory:
Employees: 73 PT Furniture, Fixtures & Equipment: $10,000 Included
Lease/Rent: $555 Real Estate:
Building Sq Ft: Approx. 1,000 Other: $10,000 Included
    Total Assets Included in Sale: $20,000
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Kent and Jeffrey Child
Phone:  (720) 399-6500
Fax:  (720) 399-6503
E-mail:  jchild@vrmilehigh.com
VR BUSINESS BROKERS-DENVER/ENGLEWOOD, CO
384 Inverness Parkway
Suite 240
Englewood, CO 80112
www.vrmilehigh.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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