Established and successful perennial award winning home health care company located in middle Georgia. The business was established in 2000. In 2015 new owners came in and modernized operations, updated benefits and subsequently obtained a provider number for Medicaid all of which contributed to the solid growth of the business. Revenue in 2018 was $1.2M in 2019 it grew to $1.367M. In the Covid challenged year of 2020 it held steady with revenue coming in at $1.28M even though business in the spring and early summer was affected by the shut downs. The fall of 2020 showed a robust spike and the revenue and growth has held steady at an average of $33,000 per week putting them on track for 2021 to hit $1.5 or $1.6M perhaps higher as the vaccine rolls out to more people. Industry feedback leans towards a windfall of new clients as families are now more likely to opt for at home care versus putting their family member in a facility. The seller’s discretionary earnings (SDE) in the pre Covid year of 2019 came in at approximately $250,000. In 2020 with the shut down it came in at $170,000. The estimate (SDE) for 2021 based on growth which started in September of 2020 is expected to be in the $300,000 to $330,000 range. We are asking $1,050,000. Contact: Matt Wochele, CBI C# 404-863-2200 or J Snypp #404-966-5989.
Category: Assisted Living Home
Home Health and Personal Care business: SOLD
Established in 2012 this home health and personal care business has steadily grown. They do business in multiple metro counties. License information upon request. In 2017 revenue was $652,000 with the owner’s discretionary earnings (ODE) at $220,000. For 2018 revenue topped $1,100,000 and the ODE was $325,000. This year 2019 is on track to beat 2018. They have over 120 care givers in their system. The owner believes the only restraint on growth is her time. Asking $745,000. Staus: For Sale. Contact: Matt Wochele, CBI 404-863-2200.
Home Personal Care SOLD
This is a well regarded in home personal care business. The owner established this company in 2010 after seeing a need for quality in home personal care services in the counties northwest of metro Atlanta. The revenue has been consistent in the $230,000 range with the owner’s discretionary earnings at $52,000. The owner manages the business from her home. She has 2 full time and 12 part time providers to service the clients. The owner works approximately 15 hours per week. She is retiring do to health. We are asking $135,000. Contact: Matt Wochele, CBI #404-863-2200. Status: SOLD