American HealthCare Capital is pleased to introduce a Home Care agency located in Michigan. Established in 2009, they service multiple counties in northern region of the state. The seller believes that there is a tremendous opportunity for growth with the potential expansion of the service radius.
The company has demonstrated growth in the last several years. In 2019, gross revenues were $857,170 with an adjusted EBITDA of $230,255. In 2020 the gross revenue was $938,970 with an adjusted EBITDA of $ $251,324. In the first quarter of 2021, gross revenues were $257,866 with and adjusted quarterly EBITDA of $ 89,010. Based on the first quarter of 2021, gross revenues are on track to exceed $1,000,000 for the year.
The staff consists of 2 owners, 55 full time Care Providers, 1 RN Scheduler, and 2 Office Administrators. The owners work an average of 10 hours per week and current staff operate the company with minimal seller involvement. The seller would like to work with a strategic buyer and is interested in staying on board to assist in the growth of the company.
The asking price for the business opportunity is $975,000.
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