Business Summary:
LISTING ID # 36651An established and accredited public pay home care agency in New Jersey is now available for sale. Licensed as a Health Care Service Firm, the agency holds contracts with all major New Jersey HMOs, including United Healthcare, Wellpoint NJ, Fidelis & Wellcare NJ, Aetna Better Health NJ, Amerigroup NJ, and Horizon NJ Health. Currently providing unskilled care, home companions, adult sitters, and housekeeping services, the business is also licensed to offer skilled services, allowing a buyer to apply for Medicaid approval to expand into physical therapy (PT), occupational therapy (OT), speech therapy (ST), respiratory therapy (RT), licensed nutritionists (NT), CHHA training, and more. It serves 113 clients with 118 caregivers and 4 RNs, and is supported by an office team consisting of an HR Specialist, Office Coordinator, Office Biller/Payroll, and three per diem RNs. One of the owners serves as the Director of Nursing. The agency utilizes CareCenta software for integrated billing, compliance, and operations and has passed all DCA audits. In 2023, gross revenue was $980,594 with $217,000 in partner distributions, reflecting strong 23% profit margins. Revenue grew 137% in 2024 to $2,324,705, with 2025 projected between $2.8M and $3M, and expectations of reaching $5M within three years. The business currently bills over 2,400 hours weekly, primarily for unskilled care, but has significant room to expand into skilled services and specialty programs, including DDD contracts (respite care, group homes, PPP), VA, TBI, and other county and Medicaid-funded services. It was recently contracted with Jewish Family Services. Clients are located across Hudson, Bergen, Union, Middlesex, Monmouth, and other counties, offering excellent expansion potential in underserved areas. With minimal current marketing, the agency has grown through strong word-of-mouth and offers high staff and client retention, a trusted reputation, and scalable operations. This is a court-ordered sale due to a partnership dispute. No bank financing or private equity buyers will be considered. Interested buyers must have at least $1.2M in liquid funds and local operational experience in senior care, home healthcare or related healthcare is required. No financials will be shared prior to an introductory call. Serious, qualified buyers may contact broker Joseph Stansky, Esq. at 631-383-3109 for more information, including a detailed valuation memo.In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at [email protected] or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers. For more information on this listing- copy and paste this link into your browser https://www.vestedbb.com/lid-36651 for instant access to this business information.
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