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TXPD1T - $1 Million Revenue Private Pay Home Care Agency in Lubbock County, Texas
Our firm is pleased to introduce a Private Pay Home Care agency located in Lubbock County, Texas, which is in the northwest part of the state. Established in 2018, the company serves a 60-mile radius from their office location. The agency is licensed as a PAS (Personal Assistance Services) provider, and their core services include Personal Care, Homemaking, and Companionship.
The company’s payer mix is 100% private pay. The company has demonstrated steady growth in the last several years, growing from $378,289 gross revenues in 2019 (their first full year of operation), to $831,775 in 2020, to $971,455 in 2021 with an adjusted EBITDA of $159,807 (16.5%). The average daily census is 40 patients, and the seller feels there is significant room for growth through increased marketing. The staff is expected to stay on under new ownership. The owner intends to pursue other
endeavors but will assist with a transition, and there is an existing employee who could replace the owner.
The asking price for the business opportunity is $1 million.
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