Business To Buy
Profitable Licensed Home Care in NJ |
| New Jersey, New Jersey |
This Home Care Business is a premier home care provider in New Jersey. Founded in 1985, it specializes in live-in care services, focusing on serving seniors and their families with comprehensive in-home care solutions. The company holds a Home Health Care Services Firm License through the NJ Division of Consumer Affairs and has earned an A+ rating from the BBB. In addition, it is accredited by the National Institute for Home Care Accreditation.
The service area encompasses Northern and Central NJ with a population of 6.86M, including 1.21M seniors over age 65. The Company maintains strong referral relationships with area hospitals like Atlantic Health Care and RWJ Barnabas health and Valley Hospital health system and Hackensack Meridian Health, as well as Geriatric Care Managers, assisted living communities, nursing homes, memory care facilities, and long-term care insurance providers.
The Company's specialties include 24/7 live-in care that includes client assessments, and highly trained caregiver team for complex medical conditions including dementia, Parkinson's, and other debilitating conditions. Their service model is built on a Person-Centered Care is an approach to healthcare that focuses on the individual patient’s needs, preferences, and values The Company maintains a staff of over 35 experienced caregivers, Each of the Company’s clients has a Client Coordinator who schedules staff and coordinates client services, as well as a team of Registered Nurse Client Supervisor who make home visits to ensure quality care by establishing a care plan suited to each client’s needs. To ensure a successful placement, the Client Coordinator carefully matches the Caregiver’s skill level to the specific needs and personality of the client.
Core Services:
• Live-in care services
• NJ Certified Home Health Aides
• Companion Care
• Homemaking services
• Hospital-to-home transition support
• Memory Care
The business operates with a streamlined management structure including one owner functioning as Area Director, supported by a Staffing Coordinator and Nursing Supervisors. The Company has developed strong referral relationships within the healthcare industry, with approximately 10% of clients having Long Term Care Insurance benefits and the remainder being private pay.
The Company has an excellent reputation and is highly regarded for delivering quality customer service and superior care, with particular expertise in serving clients with complex care needs including co-morbidities, dementia, Parkinson's and other debilitating conditions. With over 35 trained caregivers on staff and established referral relationships built over decades, the Business is well-positioned in the growing home healthcare market.
The Business has several differentiating characteristics:
● Potential for Multiple revenue streams (VA Aide and Assistance Program, Long Term Care insurance partnerships, State funded family caregiver programs).
● Potential for Hospitals to become payers to help reduce their Length of Stay (Hospital to Home Program)
● 24/7 Access: The Company has on-call coordinators and answers inquiries about its service around the clock.
● Marketing: The Company has cultivated strong referral relationships.
● Virtual Structure: The company utilizes remote resources that provide flexibility.
● Professional Referral network – B2B model that is value based and price based
● Comprehensive Assessments: A more thorough assessment of clients’ needs than most competitors, leading to 90% conversions.
● Technology-based Operations Management: Tools that inject efficiency into the operations.
According to IBISWorld, the home care industry has seen steady growth, with revenue expanding at a CAGR of 1.9% to an estimated $137.2 billion over the past five years, including projected growth of 0.6% in 2024. Looking ahead, revenue is forecast to grow at a CAGR of 3.6% to reach $163.9 billion over the next five years as demographic trends and growing preference for aging-in-place drive increased demand.
The Company is well-positioned to capitalize on these industry tailwinds through its comprehensive service offerings, strong referral network, and reputation for quality care. Key differentiators include thorough client assessments, community connections, 24/7 access to care coordinators, and technology-enabled operations management.
The seller is selling for retirement reasons(Do we really want to publicize this as the reason) but will assist during a transitional period. The caregivers and office staff, all of which are W2 employees, are available to work with the new owner. |
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Financials |
| Price: $1,600,000 |
| Gross Income: $2,291,732 |
| Cash Flow: $439,000 |
| FFE: $0 |
| Inventory: $0 |
| Real Estate Value: $0 |
About the Business |
| Office Reference ID: #HCNJ |
| Year Established: 19985 |
| Financing: |
| Training: Yes |
| Facilities: Leased
mo2mo – Long Term Tenant (over the 12 years) |
| Competition: Highly differentiated business
|
| Growth: Excellent |
|
| Business Listed By |
| Name: Vasilis |
| Company: CrossRoads Business Brokers Inc. |
| Phone: 949-753-2825 |
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| The information in this listing has been provided by the business seller
or representative stated above. BusinessToBuy.Net has no stake in the sale of this business, has not verified the accuracy, completeness, and assumes no responsibility for this advertisement. Read our Terms and Conditions for more information. |
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