Company Overview
American Health Care Capital is proud to introduce an Adult Day Care Center for sale in Georgia. This successful facility serves both seniors and adults with disabilities. They offer Social and Recreational activities, Health Monitoring, Skilled Nursing Services, Nutrition, and Rehabilitative Therapy to their client base.
The owners founded this business in 2020 when they saw a huge need for this type of Service, and demand is steady and growing every year. There is extraordinarily little competition in the local marketplace, and growth potential within Adult Day care is huge.
Financial Overview
Although COVID had a detrimental effect on the business, they have recently experienced steady growth in volume and profitability. In 2023, Gross Revenue was $188,681, and they are currently on track to reach $210,000 by the end of 2024. EBITDA has been consistently in the 25% to 32% range. The payor mix is as follows: Private Pay 10%, Medicaid Waiver 30%, and VA 60%.
Growth Opportunities
With little marketing this business has still experienced a decent income. A new owner could easily add more marketing and better advertising to quickly grow the top line. Currently referrals come from the Veterans Administration, Medicaid Case Management Companies, and word of mouth.
The current census is 13 to 15 adults. To get to the maxim census of 22 should be easy with some marketing. The company brand is quite significant in their local market and could be duplicated and adopted in other US cities. When a new owner reaches the max census, this will increase the top line by about 50%.
Staff Overview
To allow for a smooth transition the owner and the staff may be willing to stay on with the new owner.
Asking Price
The asking price for this opportunity is $150,000.
