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Home Healthcare Agency
Location: United States -> Virginia -> Hampton Roads
Industry: Health and Medical > Other Health and Medical




Business Summary

Only JOINT COMMISSION ACCREDITED private pay agency in the market. Baby boomers hit 65 yrs old in '11. Longer life spans for all. Gross revenue increased 34% qtr/qtr since opening. Own the fastest growing health care agency in USA. Franchise is named to inc 200. Opened Feb '09, now more than 5 years mature. Serves Chesapeake, Portsmouth and points west. Unobstructed access to Norfolk/Virginia Beach. VA had moratorium on agency office openings for 2 yrs. Unlicensed agencies forced to close. Franchisor cannot sell new territories for 2 yrs allows owner to tap into the entire market. No corporate competition. Resale includes 24 zips and 432k population. Other areas hold 28 zips in Norfolk and Virginia Beach, nearly 750k people. 11% of population is 65+. Explosive growth opportunity with aging (largest office avgs $175k+ weekly sales). 85% local and 15% natl contracts. Care for people, all ages, primarily elderly or disabled, and worker comp cases, child care services and staffing/placement to medical facilities, with licensed staff. The company is well established in a growth industry located in one of the best geographic regions in the United States. 5 yrs spent ensuring a positive reputation in the community. Owner works on task forces on aging, assists with hospice alliance and the Alzheimer's Association. Very experienced Director of Nursing, Awesome Director of Operations, with an excellent office staff, and a great field team. New licensure criteria effective 7/1/10. Requirements burden the non-franchised companies not having defined processes in place. Some have started to close their doors, results in better market share for the established companies. Our franchise brand, our staff and our strong positive reputation will result in experiential growth for the next owner. We feel this is an exceptional price for a large territory with an established company at $525k. Consultation and training. Contact for more information on this health care agency for sale.


Financials

Asking Price Range:  $500K - $1.0M
Gross Revenues:   $1,200,000
Cash Flow:   $145,000
Cash Flow Type:  EBITDA
Inventory:  $32,000
Seller Financing:  No

About The Business

Year Established:  2008
Number of Employees:  50 - 99
Relocatable:  No
Franchise:  Yes
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Tremendous support from franchise corporate office.
Reason For Selling:  Current owner is out of state.

Photos

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Home Healthcare Agency Photo 1




Print Listing Id: 700134960
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Related Searches: Chiropractic Practices  >  Dental Practices  >  Health Clubs and Spas  >  Long-Term Care Facilities  >  Medical and Dental Labs  >  Medical Clinics  >  Medical Devices  >  Medical Practices  >  Optometry  >  Pharmacy  >  Other Health and Medical  > 

Also See: Franchise Opportunities > Franchise Resales > Virginia Businesses For Sale > Virginia Franchises For Sale > Virginia Business Brokers



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