Personal Care & Retirement Home, Western PA

Price: $325,000

Location: Indiana County, PA

Industry: Health Care and Fitness

Listing ID: P02012024

This personal care home is located on a quiet street close to Punxsutawney, PA. with access to shopping and amenities nearby. The home is very well established and licensed in Pennsylvania by the Dept. of Health and Human Services ((DHS). It offers personalized care, assistance with medications and daily living activities in a caring environment. It is a non-medical home that helps people receiving supplemental security income maintain their independence and autonomy since the 1970's.
The home is licensed for up to 24 residents with several independent style senior living quarters as well as assisted or personal care living with semiprivate rooms that have multiple beds in each. There is a main house with some common areas, dining room, kitchen, and administrative office. The 1.75-acre property is wooded, and park like with recreation space and room for residents to enjoy the fresh air and outdoors. The real estate is also for sale.

Gross Revenue: $335,000

Cash Flow: $100,000

FFE: $50,000 (Included in price)

Real Estate $300,000

Terms & Conditions:

For sale with real estate as a package

Reason for Sale:

Retirement

Training & Support:

Business administrator will stay on.
Seller will provide support after the sale.

Year Established: 1974

Days & Hours of Operation: 7 days/ 24 hrs

Owner Hours Per Week: 40

Employees: 7

Managers: 1

Lease Option: real estate is for sale with the business

Monthly Rent: n/a

Type of Location: Residential home with 24 beds

Square Footage: 2000 +/-

Facilities Information:

19 beds plus 5 independent style apartments
Single family style ranch style home on 1.75 acres

Potential Growth:

Operates at or near capacity. Expansion may be possible if numbers of beds increased via renovation/expansion of building

Financing/Terms:

Bank financing