American HealthCare Capital is pleased to introduce a well-established home care agency in the San Francisco Bay Area of California. The company was founded 10 years ago and specializes in non-medical, non-skilled care. The company’s payer mix is approximately 80% private pay, and the remainder is split between Long Term Care Insurance and Veterans.
The company has grown year-over-year since its inception leading up to the pandemic. In 2019, the company generated $2.7 million in revenue and $501,000 in adjusted EBITDA ($475,000 in unadjusted). In 2020, they generated $2.4 million in revenue and $304,000 in adjusted EBITDA ($290,000 unadjusted). From Jan-Sep of 2021, they generated $1.4 million in revenue and $110,000 in adjusted EBITDA ($99,000 unadjusted), with a projection to close the year out at $1.9 million in revenue and approximately $147,000 in EBITDA. Average EBITDA over the last 3 years is approximately $304,000.
The owners are mostly absentee and operating the business remotely. They’ve grown the business to nearly 100 clients and 100 employees and believe there are several untapped growth opportunities for the business.
The asking price for this opportunity is $1.5 million.
If you would like to learn more, please use the form on the right-hand side of the page to execute our NDA. You will need to copy the Listing Code and Listing Title from the summary above to complete the NDA.