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$775,000 Non-Medical Home Care Domestic Referral Agency based in Northern California

State: 

California

Category:

Home Care & Home Health

Asking Price:

$250,000

Revenue:

$775,000

Listing Code:

CAPD1U

American HealthCare Capital is pleased to introduce a highly reputable Domestic Referral Agency (DRA) for sale in Northern California. A DRA screens, registers, and refers domestic workers to clients seeking non-medical home care services. Services include assistance with activities of daily living such as bathing, dressing, meal preparation and light housekeeping, as well as end of life care. They service clients with a variety of diagnoses, including chronic illnesses such as CHF, Alzheimer’s, Diabetes, ALS, and Parkinson’s disease. Their service area covers a 3 County region.

Due to the company’s stellar reputation, they are a preferred provider for many referral sources in the area. Gross Revenues were over $600,000 in 2017, and they are seeing growth in 2018. They are anticipating $775,000 in gross revenue by the end of 2018 with an adjusted EBITDA of $101,000. The payer mix is 85% private pay, 10% LTC insurance and 5% workers compensation insurance. The current census total is 15 clients, with 5 clients that receive 24-hour care.

The owner is looking to retire but will assist during a short transitional period. The rest of the staff is expected to remain. The asking price for the business is $250,000.

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