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Non-Medical Companion Care with New VA Contract

3 admin and 50+ caregivers on staff – owner is part time!

CASH FLOW
$215,018

Specifications

  • Price
    $920,000

  • Revenue
    $1,346,142

  • Cash Flow
    $215,018

  • Profit Margin
    16%

  • Equipment
    $69,458

  • Employees
    An average of 50 in field caregivers and 3 office workers including the office manager/care coordinator, HR/hiring manager, and the account manager/scheduler.

  • Reason for Sale
    Retirement/ personal medical issues

  • Service Area
    Omaha Metropolitan area and surrounding cities including Fremont, Wahoo, La Vista, Ralston, Bellevue, Papillion, and some work in Council Bluffs.

  • Account Receivable
    $35,646

 

This non-medical companion care business is in Omaha, NE and their service area currently includes the Omaha Metropolitan Area and surrounding cities, reaching as far as Fremont, Ralston, Bellevue, and Council Bluffs. They boast a staff of office manager, Human Resources specialist, and an account manager who operate the business and oversee the 50+ caregivers. The current owner works part-time, roughly 15 hours per week and oversees the 3 administrators, though she is still willing to stay on board for 6 months post-close, and the buyer has an added bonus of franchise training and resources. Each caregiver within this companies’ network sees themselves as an extended family member for someone whose family is out of town and beyond the normal scope of home care, these caregivers are stress relievers, problem solvers, grocery shoppers, educators, good friends, and conversationalists and take pride in aiding the ones they work with. Primarily these caregivers are in the homes of their clients, allowing this business to operate out of a 2,800 sq. ft. office space which in return keeps the overhead cost low.

 

This companion care business recently received a contract with the VA in 2021, expanding their already diverse client base. The client type for this in-home care company consists of people who require more assistance within their day-day activities. Seniors, respite patients, those with dementia, and veterans are their main focus.

 

Priced at $920,000, this business has exponential growth including further development the Fremont and Council Bluffs client bases, developing the newly awarded VA contract, and creating partnerships with workman’s compensation divisions. While each of these opportunities could provide significant growth with minimal additional investment, a buyer could also have the chance to enjoy their 16% profit margin if they wanted to be passive and not do anything to improve!

Purchase Price:

$920,000

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Funding Details

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Loan Payments

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Conclusions

Fixed Charge Coverage Ratio

The bank will require a minimum ratio of 1.5 to be lendable.

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The rate of return on the Buyer's down payment.

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210 N 78th St. 2nd Floor
Omaha, NE 68114

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The Firm makes no warranties or representation in consideration to the information provided above. All communication regarding this business must occur directly with The Firm Advisors, LLC. The Firm is not a real estate brokerage and does not sell real estate. The Firm solely advises on exit strategy.