We currently have a Home Health agency in Corpus Christi Texas. We also have a nationwide drug testing company. We had combined revenues of $2.3 million in 2024. We grew at a 35% rate over 2023 revenues. We will be opening a second Home Health Agency in San Antonio Texas in April of 2025. Teh Company plans on developing a chain of Home Health agencies in Texas.
The Company provides caregivers to take care of elderly clients in their homes. We provide caregivers for clients for a minimum of 4 hours a day. We offer 24-hour coverage and for 7 days a week. The caregivers provide emotional support, caregiver assistance, light housekeeping and companionship to help seniors function independently in their homes. We are a non-medical state licensed agency.
We are projecting revenues in excess of $4,000,000 in 2025. We plan on opening four additional agencies in 2026 and then six new agencies a year thereafter. Management has over 70 years' experience in healthcare and 18 in the home care segment. The agencies are state licensed. We deal with private pay patients. Most either have long term care insurance or are wealthy individuals. The cost of our services in San Antonio for a 24 hour a day seven day a week caregiver is $5,880. We have a 60% gross profit margin. We bill weekly and are paid within three or four days.
Our agency is better than the competition because of four factors:
1. We do not leave client shifts uncovered. Most agencies end up only covering 90% to 95% of the scheduled hours.
2. Our caregivers are very compassionate and are more like a family member than a caregiver.
3. Our caregivers are highly trained. We usually interview three or four to find one who meets our standards.
4. We pay our caregivers more than other agencies and offer benefits.
We are planning on growing to at least 50 agency locations over the next ten years. Agencies are capable of generating $3,000,000 or more a year after three years of operation.
We are asking for $400,000 to pay off short term debt, fund the opening of our second agency and hire additional members of the management team.
The $400,000 is being offered in 5 units of $80,000. Each unit will be initially a loan paying monthly interest at 12% for the first 15 months. The holders of the notes will then have the option to amortize the principal over a 3-year period or to convert each unit into a 1% ownership in the company.
Financials, projections and subscription documents are available to interested parties.
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