Two Assisted Living Facilities in Northern New England SBA Pre-Q

Price: $1,650,000

Location: Northern New England

Industry: Health Care and Fitness

Listing ID: CM062922

This is a package of two non-medical assisted living facilities, both of which are in the Maine, New Hampshire, Vermont area.

The first is an 11-bed home, located right by the center of town so there’s easy access to medical facilities, shopping and highways.

The building features updated rooms and the facilities appear to be in very good condition, both inside and outside.  There is no pending CAPEX.

This facility features a spacious 2-car garage that is currently used for storage.  Above the garage is an apartment that has been rented below market rates to a long-time tenant who has just moved out.  Possible uses for this space are:

  • Private Pay couple for assisted living.
  • Rent through the nearby hospital for traveling nurses.
  • Rent to a residential tenant.

Gross Income: (2021): $ 415,055

Cash Flow: $147,792

FF&E: $50,000 +/- (included in the purchase price)

Inventory: $10,000 +/- (included in the purchase price)

Real Estate: $525,000 (included in the purchase price)

Asking Price: $860,000

The second facility is a 12-bed home, located close to the first – about a 40-minute drive away.  Like the first, this home also has great curb appeal.  It also appears to be well maintained with no pending CAPEX.

It features a private patio area where residents gather to chat and relax.  It’s close to a major medical center and easily accessible for family visits.

Gross Income: (2021): $ 437,617

Cash Flow: $87,707

FF&E: $50,000 +/- (included in the purchase price)

Inventory: $10,000 +/- (included in the purchase price)

Real Estate: $600,000 (included in the purchase price)

Asking Price: $800,000

 These facilities are available for purchase separately or together at $1.65M.

Listing Details

Gross Revenue: $852,671

Cash Flow: $235,498

FFE: $100,000 (Included in Price)

Inventory: $20,000 (Included in Price)

Real Estate: $1,125,000 (Included in Price)

Reason For Sale:

Other opportunities

Training & Support:

Seller will assist

Operation

Days & Hours of Operation: 24/7/365

Owner Hours Per Week: 40

Non-Owner Payroll: $399,688

Managers: Owner

Location

Facilities Information:

1st Facility is an 11-bed facility features a spacious 2-car garage that is currently used for storage.  Above the garage is an apartment that has been rented below market rates to a long-time tenant who has just moved out.  Possible uses for this space are:

Private Pay couple for assisted living.
Rent through the nearby hospital for traveling nurses.
Rent to a residential tenant.

2nd facility is a 12-bed home, located close to the first – about a 40-minute drive away.  Like the first, this home also has great curb appeal. 
It features a private patio area where residents gather to chat and relax.  It’s close to a major medical center and easily accessible for family visits.

Summary

Potential Growth:

Second facility features a spacious 2-car garage that is currently used for storage.  Above the garage is an apartment that has been rented below market rates to a long-time tenant who has just moved out.  Possible uses for this space are:

  • Private Pay couple for assisted living.
  • Rent through the nearby hospital for traveling nurses.
  • Rent to a residential tenant.