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Assisted Care Facility with Management & Staff In Place

For Sale in MA

Financial & Assets Details

$1,180,000
$624,000
$750,000
$20,000
Yes
$1,400,000
16710+/-

About the Business

Yes
FT/1 PT/20
Yes

Business Description

Long Term Residential Care Home located in Central MA provides residents with a bed & breakfast like setting & atmosphere. Residents are supported 24-7 by medical management, direct care / daily living activities, and many other forms of day to day quality care administered and supervised by a highly skilled and trained staff.
The facility is always at capacity and has a waiting list! Revenues are in excess of $1M, and earnings are well above industry standards.
The business and property are being offered at a very attractive price of $4,000,000 and should have no problem complying with a SBA 7A & 504 financing program.

Growth & Expansion

The growth potential includes modest annual increases in the private pay daily rate. Current % of PP is 65%. Expansion may exist by the purchase of properties on either side of this business.

Seller Financing

Broker will discuss.

Market Competition:

There are a few other Level IV Rest Homes within a 20 sq. mile radius. This business maintains full capacity and a long waiting list.

Location Details:

The property consists of an approximately 16,710 total square feet, three story colonial style building that sits on approximately 0.73 acres. The property underwent a $983,000 6,400 sq. ft. expansion and renovation in 2012 which added 12 additional beds for a total of 34 beds. The project was considered necessary as constant requests for occupancy and other upgrades to the existing building made economic sense.

Support & Training

Seller supports training to aid in a smooth transition for new owner as well as residents.

Reason for Selling:

Retirement

Listing ID: 15537

Listed by:

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