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Broker Name:Ronald Cervelli
Broker Email:contactus@regalconsultants.com
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Home Health Agency
(Services)
Middlesex County , NJ
Listed Price: $ 595,000
Listing ID: SVS382

Listing DetailsGross Revenue: $ 1,376,000
Cash Flow: $ 225,000
FFE: $ 125,000 (Included in Price)
Inventory: $ 1,000 (Included in Price)
Reason for Sale:

The owner is retiring and relocating out of the state of New Jersey.


Training & Support:

The owner will remain post-closing in order to supply an appropriate transitional period to the new operator.


OperationsYear Established: 1997
Days & Hours of Operation: Mon.-Fri. 9am-5pm
Non-owner Payroll: $ 70,666
Employees: 32
Absentee Owner: No
LocationLease Expire: 0000-00-00
Lease Security: 1200
Monthly Rent: $ 600
Square Footage: 150
Facilities:

This private service company is conveniently located in Northern New Jersey Middlesex County. The facility which consist of 150 square feet has an attractive professional appearance. The company as per the New Jersey state licensing regulations can service within fifty miles of its location and presently conducts business in a limited area of Northern New Jersey.


SummaryBusiness Description:

Successful Home Health Agency located in Middlesex County that services numerous counties in Northern and central New Jersey. The company’s next twelve-month gross yearly income is projected to be approximately $1,376,000, and the net yearly income is estimated at $225,000. The demand for Home care service continues to expand due to the tens of thousands of senior citizens who retire every day. The company is Certified by the New Jersey Office of the Attorney General - Division of Consumer Affairs, and the company offers hourly or live-in home care services and all aides are certified (CHHA) by the State of New Jersey Board of Nursing. The service that the home health aides provide will allow family members to continue with their own lives confident that their loved ones are in dependable hands. This superior Home Care Services company, reduces family stress, and offers moderate cost with fast aide placement time. This is a private company, started in 1997 and continues to be dedicated with high standards in providing senior citizens who require homecare with trusted companionship, homemaking and personal care assistance. This service is the alternative to a nursing home, assisted living facility, or retirement center. This home health agency has approximately thirty home health aides available and employs approximately two office staff, plus part time nurses, who are unaware of the pending sale and fully expected to remain post-closing, total monthly payroll for the next twelve months is estimated at $70,666. The business has an assignable commercial lease which expires 2019, plus additional options, with a monthly rent of $600.00, cost per square foot is $48 and rent security $1,200. The business fixed assets has an estimated value of approximately $125,000 which is based on the original equipment and licensing buildout & replacement cost, tangible & untaggable, in addition to the multiple of the existing net yearly income. The business is active five days per week, with hours from 9:00 am to 5:00 pm, however a 24-hour message center services after hour calls. The 2018 / 2019 twelve-month gross income is projected at $1,376,000 and yearly net income of approximately $225,000 based on an owner operator and prior to debt service. This is a wonderful dependable business opportunity with continued growth potential to a motivated owner operator. Please do not disturb business, this sale is confidential, the employees are Unaware of the pending sale, all viewings are by appointment only and photo does Not represent this particular business opportunity.


Competition:

The concern for competition is not a factor for this industry and the owner has agreed to supply a long term non-compete agreement to the purchaser.


Potential Growth:

The business presently has a limited marketing plan, no sales staff, basic web site and if improved can further develop the business gross income. The company should also apply for Medicaid approval to service a large portion of New Jersey residents.


Financing/Terms:

Seller financing is available to a qualified buyer.