Independent Home Care Agency in Boston

  • Price: $3,200,000
  • Gross Income: $2,785,000
  • Cash Flow: $811,000
  • FFE: $0
  • Inventory: $0
  • Real Estate Value: $0
  • Source Data:
About the Business
  • Listing ID: #HCBoston
  • Year Established: 2015
  • Financing:
  • Training:
  • Facilities:
  • Competition:
  • Growth: Excellent
  • Employees:

Property Descriptions

This SBA Pre-qualified business opportunity is an eight-year-old Private Duty Home Care Agency for sale near Boston, MA. In the past eight years, the Company has become an industry leader in the local senior care community. Its excellent reputation in serving clients has earned this company solid relationships with professionals in the health care and senior communities. The Company’s affordable solutions are for seniors and their families who require assistance with all of the activities of daily living (ADL’s), including light housekeeping, meal preparation, medication reminders, bathing or personal cares, grocery shopping, errands, Alzheimer's care, or companionship in order to remain happily in their homes. The current team includes the current owner and additional office staff management positions. There are also over 70 trained Caregivers ready to serve. The Business is highly differentiated as follows: - Highly successful premium home care agency with 5-star client reviews across the market. - Industry leading profit margins which have grown each year since launch - Zero bad debt since launching. - Highly favorable modification (Workers Comp) and Unemployment Insurance (UI) rate with State of MA. - Offering both hourly and Live-in care. - Caregiver Recruitment specialists (digital focus with Indeed, Zip Recruiter and social media) - Digital home care agency: GPS log ins, Online invoicing, Digital payroll processing. - Major referral sources: Senior Living Communities, GCM’s, Elder Law Attorneys, Rehabilitation Facilities. - Driven by the highest level of care for clients. - Diversified client base The service market includes a number of large hospitals, senior centers, assisted living communities, nursing homes, memory care and skilled nursing facilities. This business requires no prior home care/medical experience. The seller is willing to negotiate transition & ongoing training, as well as a consultant role after the sale. The Company competes with other national and local businesses and sole proprietors performing home care services. Seniors who are 65 years old and older comprise the primary market for the Company. The home-care industry has exploded with the aging population. Today, with 10,000 Americans turning 65 every day, the demand for senior care is ever increasing. The US senior population currently sits at approximately 50 million and by 2030, it is expected to swell to 81 million (Source: US Census Bureau). An estimated 70 percent of people over 65 will require home-care services at some point in their lives. The seller is selling for personal reasons but will assist during a transitional period. The Caregivers and staff, all W2 employees, are available to work with a new owner.

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Business Listed By

Vasilis Georgiou 7700 Irvine Center Drive, Suite 800, California, Irvine
  • E-mail : georgiouv@crossroadsbusiness.com
  • Web : https://crossroadsbusiness.com
  • Phone : 949-753-2825
  • Company : CrossRoads Business Brokers Inc.
  • Listings : 30