Fast Growing Home Therapy Services Company

This opportunity provides physical, occupational, speech therapy and social services to home health agencies for the home bound patient. Their services provides a distinct advantage to both the therapists and the home health agencies. For the therapists, the Company not only arranges for patient visits close to their locations, but also takes away the administrative burdens. This allows Therapists to focus on what they love most - helping patients. For the home health agencies, they benefit knowing the therapists working with their patients have all been carefully vetted by the Company This is a service focused business where the physical assets (furniture, fixtures and equipment) is minimal - approximate fair market value of $14,000. Largest asset would be Accounts Receivable, which currently total approximately $229,901. Highlights: - Highly profitable - Revenues projected to increase by an average of 20% in the next three years. - Profits are projected to increase by over 25% per year over the next three years. - Experienced Employees and therapists. - Due to superb customer service, the company has a very high retention rate with their home health agencies. - There are very realistic and "do-able" avenues for even greater growth Location: Parker County, Texas Year Established: 2017 Number of Employees: 7 Real Estate: Leased Building Sq. Ft.: 725 Rent: $1,300.00 Per Month Facilities: The business has recently moved to a home based business. Market Outlook/ Competition: As a result of its well-known unparalleled customer service, The Company has experienced an increased amount of the coveted word-of-mouth referral business. A steady flow of referrals is also the result of tireless efforts on the part of the owners to consistently stay in touch with their existing customers. There are three primary competitors in the area. These companies range from 600 visits per week to 3,500 visits per week. For perspective, this company projects approximately 775 visits per week in 2021 and an annual projected increase of 250 visits per week going forward. Growth & Expansion: There are several practical avenues for potential growth. First, obviously, acquire additional agency contracts by leveraging the company's excellent reputation. The company could also maximize growth with current agencies and add a skilled nursing branch as an additional service offering. Further growth could be accomplished with the ability to bill Medicare Part B and treat patients at home under out-patient rules. Finally, adding clinicians in other service areas would increase referrals and visits.