Profitable Home Care Business for Sale in Bangor, Maine
Financial Details
- Asking Price:
- $750,000
- Annual Revenue:
- $2,371,000
- Cash Flow / SDE:
- $236,000
- Profit Metric:
- Seller's Discretionary Earnings
- Valuation Multiple:
- 3.2x
- Location:
- Bangor, ME, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This is a well-established and profitable home care business located in the Bangor, Maine metropolitan area, offered for sale by MGM HomeCare Acquisitions. With 9 years of operation, this franchise has built an award-winning reputation for providing compassionate and professional essential services. These services include personal care, home care, Alzheimer's and Dementia care, end-of-life support, companion care, palliative care, and respite care, enabling seniors and veterans to age in place with dignity. The business boasts a fully equipped office and a dedicated team of 5 office staffers coordinating care for clients, supported by a workforce of 65 thoroughly screened and trained caregivers. The retiring founders are seeking a capable successor to continue the company's mission of prioritizing senior well-being. The ideal buyer should possess relevant management experience, a strong credit score (700+), and the ability to invest personal equity. The market outlook is strong, with a robust and growing senior population (45,000, growing at 25-35%), a high livability score, and an established referral network, positioning the business for significant growth. Opportunities for expansion include outreach to the lower two-thirds of the territory. Transition support includes franchisor training and 10 years of seller operating experience. Seller financing is available, and $50,000 in working capital is included in the asking price.
Industry Information
- Industry Description:
- Home Care Business
- Classification:
- Health Care & Fitness
Operational Snapshot
- Year Established:
- 2016
- Employees:
- 70
- Reason for Selling:
- Retirement
Real Estate & Lease
- Status:
- Not_disclosed
Broker Contact
- Name:
- Michael McGrath
- Company:
- MGM HomeCare
Listing Details
- Listing ID:
- 023f0f64-d7a3-4eb6-821f-23f23dddc727
- Source Listing ID:
- 2410190
- Deal Status:
- For Sale
- Last Updated:
- September 15, 2025
- Currency:
- USD