Assisted Living Facility in New England SBA Pre-Q
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.