Total of 18657 firms and businesses for sale today Thursday 28th March 2024
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Business For Sale. Home Health Agency - Recession Proof

LISTING DETAILS
Firms For Sale ID:
10122
Vendor reference:
948494
Vendor website:
     
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BUSINESS DETAILS
Location:
Primary sector:
Asking price:
$2,100,000  
Turnover / revenue:
$700,000
Net profit / cashflow:
$2,300,000

OTHER DETAILS
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
 
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BUSINESS DESCRIPTION
Home Healthcare Industry Goldmine21;21;21; Incredible Opportunity in recession resistant health industry21;21;21; This Home Health Agency has a Medicare Certification and provides a variety of Home Health Services from Skilled Nursing to various Prescribed Home Therapy needs, to Medical Social Services. Medicare Certification means collecting 60%; of fees up front and 40%; after 60 days. The checks come like clockwork and the cost of goods sold are, in effect, prepaid. Currently it takes about 52B; years and hundreds of thousands of dollars to attain an unrestricted Medicare Certification. This company has been certified for 6 years and maintains a very tight ship. The current owner has been in the health care industry for over 40 years, is tired, and wants to retire. Although this agency could provide services for any home health needs they currently limit their clients to Medicare patients only. Billing Medicare is a very simple and reliable business model with straight forward collection of fees. An aggressive marketing effort would grow sustainable sales quickly since the barrier to entry for a Medicare certified agency is so high. The aging baby boomer population will add a tremendous demand for these services. A new owner could also offer services beyond Medicare patients which can encompass the entire population of Home Healthcare needs. Hence, the agency is positioned as a basis for very scalable growth in a market with unlimited potential expansion. With only 4 office employees and a small facilities requirement this is a very manageable operation. The firm employs about 25 Registered Nurses (W-2) and about 4 times as many health therapy contractors (1099) as needed. At any one time their patient census is about 60 patients. This is a no-brainer if you are looking for the right industry at the right time so act now before it is too late21; Call Roger Civalleri or Carrie Lockwood at 310-539-8300.