Healthcare Staffing Business with Long Term Contracts – Has Accepted Offer
Price: $5,600,000
Annual Revenue: $17,655,145
Net Cash Flow: $1,414,178
Industry: Health Care
Location: Michigan
This business has an accepted offer. Please view our other Healthcare Companies for sale.
On track for 50% growth this year
This top-performing franchise provides full-service medical staffing as well as home health care throughout the state of Michigan. They have several long-term state contracts that will continue to provide the opportunity that has enabled the tremendous growth that this company has achieved. They grew over 100% from 2021 to 2022 and are tracking at over 50% growth in 2023. On the staffing side, they provide 24×7 support through their highly skilled staff which includes physicians, nurses, mental health and forensics professionals, and home care workers. They work in a variety of settings that include hospitals, assisted living and long-term care facilities, and state and local correctional facilities. With multi-year contracts in place, this business is poised to continue growing at a very impressive rate. They are accredited by The Joint Commission.
Listing Details
Franchise?: Yes
Franchise Information:
This business is an established Franchise.
Reason For Sale:
The seller is ready for a change.
Training & Support:
The seller is willing provide a transition that makes sense for the buyer and the business's success. The franchisor provides services including payroll, HR support, billing and collections, insurance and more.
Operation
Year Established: 2011
Employees: 200
Location
Square Footage: 1,800
Facilities Information:
They serve the entire state and have two leased locations. One is 1,800 square feet and this is the primary location. It has excellent signage visible from the road. They also have a satellite location that is 600 square feet to serve people closer to that office.
Summary
Competition:
They serve the entire state of Michigan, so the market is vast. Earning the state contracts has put them in a very competitive position as most of the contracts have only about 7 vendors serving each contract. This company provides excellent service and is often the first choice to fulfill new assignments and they get contacted directly ahead of the competition.
Potential Growth:
With state contracts that will continue for several more years, there is opportunity to continue the growth they have achieved over the last few years. The company recently won a new state contract to provide non-medical office staff. This is a testament to the exceptional service they have provided on the medical side.