Under Agreement: In-home For Sale In Middlesex County, Ma - Business Making $1,920,251/yr

Under Agreement: Highly Profitable In-Home Elder Care Business

Financial Information

  • Asking Price: $1,200,000
  • Gross Revenue: $1,920,251
  • Cash Flow: $372,366
  • Down Payment: ON REQUEST
  • FF&E (Included): N/A
  • Inventory: N/A
  • Financing: No

Business Location

  • Middlesex County
  • Massachusetts
Primary Business Category: Home Health Care Services

One in Five Americans will be a senior by 2030, and approx. 86% of the seniors in the US want to age in their own homes. Each day 10,000 baby boomers turn 65, and they have greater disposable income than previous generations. Medical advancements are helping people live longer, however chronic diseases afflict over 130 million people in the US, and this number is expected to increase further. Healthcare payers (Medicare, Medicaid, Commercial Insurance Companies) are encouraging home/community-based care because of tremendous cost savings as compared to nursing homes. All of these factors contribute to a vibrant home healthcare industry that is growing at more than twice the rate of the general economy. This business has a reputation for providing the best in dependable, consistent, and affordable non-medical senior care services in its market area. Since it's inception in 2009, it has been recognized as a top-tier performer among its peers, and has won numerous national recognitions. Its customer satisfaction rating is excellent, and the owners have put together an exceptional team of professionals who make it a priority to always provide the highest level of client services possible. Unlike many in-home care agencies, this business generates 100% of its revenue through Private Pay which results in excellent cashflow. Approx. 60%-70% of the receivables are set as ACH payments further boosting cashflow, and reducing administrative costs. The company has minimal Accounts Receivables, and boasts of industry-leading KPIs such as Caregiver to Client ratio, Caregiver turnover ratio, etc. It is accredited by The Home Care Alliance of Massachusetts, a distinction that fewer than 25% of home care companies in Massachusetts have earned. Owners are ready to retire and pass on the company's legacy to a new owner. They will provide training to ensure smooth and orderly transition, and are willing to enter into a non-compete agreement with the buyer. This business has been pre-qualified for SBA loan upto $935,000 subject to the buyer meeting the lender's minimum qualification requirements. For additional information please contact Sanjay Ahuja at 508-868-8189.

Support / Training Comments

Owners are ready to retire and pass on the company’s legacy to a new owner. They will provide training to ensure smooth and orderly transition, and are willing to enter into a non-compete agreement with the buyer. As part of the Cares Act, SBA will automatically pay the principal, interest, and fees for a period of six months of a new 7(a) loan issued prior to September 27, 2020. This is a significant opportunity for a buyer intending to finance the purchase through a SBA 7(a) loan.

Reason For Sale
  • Home Based: No
  • Year Established: 2009
  • Franchise: Yes
  • Year Acquired: 2009
  • Willing to Train: Yes
  • Relocatable: Yes
  • Required Licences:

  • Is Property Leased: Yes
  • Real Estate Available: No
  • Real Estate Included: No
  • Real Estate Value: N/A
  • Days Open: Monday to Friday
  • Hours Open: 9 AM to 5 PM
  • Fulltime Employees: 3
  • Part time Employees: 3
  • Is Management Staying: No
  • Distressed: No
  • Monthly Payroll: ON REQUEST
  • Building Size: 1500 sq ft
  • Monthly Rent: N/A

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Disclaimer: No salesperson, field representative or other person has the authority to make a statement, promise or assurance concerning any matter related to the franchise that is contrary to, or different from, the information/terms contained in the Franchise Disclosure Document/Franchise Agreement. Any such statement, promise or assurance is unauthorized, unwarranted and unreliable. If you believe someone has made an unauthorized statement, promise or assurance to you, please contact Jessica Czekalinski, Esq. at 216-674-0645 ext. 619.