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Home Healthcare Agency
Location Virginia,United States
Asking Price Range $500K - $1.0M
Gross Revenues $850000
Net Profit / Cash Flow $100000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2008
Number of Employees 35 - 49
Inventory $15000
Relocatable No
Number of Employees 35 - 49
Real Estate Leased
Training Tremendous support from franchise corporate office.
Reason for Sale Current owner is out of state.
Description Baby boomers hit 65 yrs old in '11. Longer life spans for all. Gross revenue has increased 20-30% qtr/qtr since opening. Own the fastest growing health care agency in the USA. Franchise is named to inc 200. Opened office Feb '09. Serves Chesapeake, Portsmouth and points west. Unobstructed access to Norfolk/Virginia Beach. Va has moratorium on agency office openings for 2 yrs, allowing growth. Unlicensed agencies forced to close. Franchisor cannot sell new territories for 2 yrs allowing owner to tap into the entire market. No corporate competition possible until late '12. Resale has 24 zips and 432k population. Other areas hold 28 zips in Norfolk and Virginia Beach, nearly 700k 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. 2.5 years spent ensuring we have a positive reputation in the community. Owner works on task forces on aging, assists with hospice alliance and the Alzheimer's association. Hired an experienced director of nursing, have an excellent office, two sales team members, and a great field staff. New licensure criteria for health care companies effective 7/1/10. Requirements will 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 $630k. Consultation and training ownership. Contact for more information on this health care agency for sale.
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