LISTING ID # 34897

This unique niche home care agency is rapidly growing at a compounded rate of 8% per month. This business services a niche disabled population for which DOH and DDS pay a higher hourly rate. Non-medical care. Census is 60 clients. Now licensed to service all populations in all counties of CT. Initial assessment by the Director of Nursing to determine level of care. Gross revenue and net income numbers in the profile is projected based on the CURRENT monthly billing rate of $ 230,000 per month. Opportunity to offer home care services throughout the entire state and to also offer AFL (Adult Family Caregiving) services. It's difficult to obtain a home care license that covers the entire state of Connecticut. Long lease. Fully integrated software is provided by the state Sundata-CT and CTD SMAB. The state of CT is providing grants to cover certain expenses because the agency is the one of the few agencies providing service to these niche clients. Owners seek a buyer that can provide proof of funds of at least $1m and, more importantly, has relevant senior care experience. This is required for the name and location of the agency and the owner’s permission to engage with the buyer/ No Private Equity and bank financing will be considered. The current billing run rate is $300,000 per month. The owner’s net profit margins are 25-30% and the net income representation is a projection based on actual current billing. With a Gross revenue of $ 2,740,000 and net income numbers of $700k.