Assisted Living Facility in Northern Massachusetts SBA Pre-Q

Price: $3,200,000

Location: Northern Massachusetts

Industry: Health Care and Fitness

Listing ID: CM051222

This is a 26-bed assisted living facility that has been in operation for many years.

The sellers focus on providing as much of a home-like experience as possible.  That shows in the beautiful furnishings, living areas and even the landscaping.

The sellers have a long list of letters from their resident’s family members, expressing gratitude for their care and concern for their loved ones.

Strong relationships with existing referral sources keep occupancy over 95%.

Opportunities for Growth

There are several private-pay clients with fees about 30% below market rates.

There may be room to add on to the existing building for additional resident rooms.

Listing Details

Gross Revenue: $1,270,988

Cash Flow: $395,636

FFE: $92,250 (Included in Price)

Real Estate: $2,000,000 (Included in Price)

Lender Pre-Qualified?: Yes

Reason For Sale:

Retirement

Training & Support:

Seller will assist in the transition.

Operation

Days & Hours of Operation: 24/7/365

Owner Hours Per Week: 40

Employees: 18

Summary

Potential Growth:

Opportunities for Growth

There are several private-pay clients with fees about 30% below market rates.

There may be room to add on to the existing building for additional resident rooms.