Hot Listing

Established Medicaid Home Care Business With Tremendous Growth

Asking Price$7,200,000

Cash Flow
Not Disclosed

EBITDA$990,000

Gross Revenue$5,500,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

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Hot Listing

Established Medicaid Home Care Business With Tremendous Growth


Asking Price$7,200,000

Cash Flow
Not Disclosed

EBITDA$990,000

Gross Revenue$5,500,000

InventoryNot Disclosed

FF&ENot Disclosed

Real EstateNot Disclosed

Business Description
We are a Medicaid-Provider approved by the State of Michigan. We provide caregivers to eligible Medicaid clients to render non-complex care such as cooking, cleaning, laundry, shopping, etc.

Over 450 Clients, and roughly 350 employees.

At the very basis of it, we almost exclusively hire family members who are already taking care of their loved ones, and offer to pay them for the work they're already doing taking care of a loved one. We bill the client's medicaid for the services and receive a flat rate from the State of Michigan.

Low overhead and low personnel required to run the business. Only 3 Administrative Employees, all the rest are caregivers.

Cash flowing business with plenty of room to grow and an established client base to receive referrals from. Also in a fast growing industry with a fast growing client demographic.

We’ve done minimal marketing, plenty of room for the buyer to use cashflow to fuel growth.

Based in Oakland County but approved to service the entire State of Michigan. Currently servicing clients in multiple counties across the State.

NOT a franchise company. Started in 2018 and have seen positive growth since inception.

Interested in selling because of personal reasons; ready to retire.

Willing to negotiate but please no low-ball offers.
About the Business
Years in Operation
7
Number of Employees
350
Currently Relocatable
Yes
Market Outlook / Competition
Elder care is a fast growing industry.
Opportunities for Growth
Minimal marketing so new owner has room to grow.
About the Sale
Seller Motivation
Ready to retire and refocus my life.
Transition Support
Happy to consult after sale to help facilitate transition.
Listing Info
ID
2279085
Listing Views
3906

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Business Listed by: omar atcho

Listing ID: 2279085 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.