Assisted Living Facility in New England

Price: $430,000

Location: New Hampshire

Industry: Health Care and Fitness

Listing ID: CM91922

This 20-bed non-medical Assisted Living Facility is in a quaint New England town. It is in a beautiful Victorian property that makes residents feel like they are in a home, not an institution.

The well-maintained facility has no pending capital repairs.

There is one shared apartment on the 1st floor and 4 shared apartments on the second floor.  The balance are private rooms.

Private pay residents pay $4,100 -$4,200 per month. Medicaid residents are at $3,700 – $3,900 per month.

The facility currently holds two beds open for COVID, so revenue could be increased right away by putting those two beds back into service.

There is an attractive dining room and a large outdoor porch enjoyed by the residents. The facility if fully staffed by employees who genuinely care for the residents.

Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.

Listing Details

Gross Revenue: $796,000

Cash Flow: $201,016

FFE: $25,000 (Included in Price)

Inventory: $10,000 (Included in Price)

Real Estate: $600,000

Terms and Conditions?:

Real-estate price is subject to commercial appraisal

Reason For Sale:

Retirement

Training & Support:

Sell will assist

Operation

Year Established: 2014

Days & Hours of Operation: 24/7

Owner Hours Per Week: 45

Non-Owner Payroll: $36,000

Employees: 30

Location

Facilities Information:

This 20-bed non-medical Assisted Living Facility is in a quaint New England town. It is in a beautiful Victorian property that makes residents feel like they are in a home, not an institution.

The well-maintained facility has no pending capital repairs.

Summary

Potential Growth:

The facility currently holds two beds open for COVID, so revenue could be increased right away by putting those two beds back into service.