Assisted Living - Asset Sale

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Citronelle Assisted Living Facility, with Real Estate Included
Asking Price:
$625,000

Gross Revenue:
$255,958
Cash Flow:
$25,000
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
$50,000
included in asking price

Real Estate:
$600,000
included in asking price

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Business Description

This Assisted Living is licensed by the Alabama Department of Health to operate as a 16 bed Assisted Living Facility. Assisted living facilities provide 24 hours per day assisted living services for each of its residents to include assistance with medication administration, bathing, grooming, meal preparation, dressing and much more. The Assisted Living Facility aims to provide a safe, nurturing and caring environment to its residents in a community-style setting that is similar to being in the comfort of their own home.

The facility is arranged with 12 single private rooms, each sharing a semi-private bathroom and 2 large double occupancy private rooms with private bathrooms. The facility features a full-service kitchen, separate dining room, spacious living room, staff office, administrator’s office, laundry service room with multiple washers and dryers, and outside porches.

The facility closed to residents the first of September, 2018. While it was opened they operated with a staff of 8 comprised of care aides, cooks, and Administrator. The facility is fully compliant with state regulations, fully sprinkled, and fire alarm systems and monitoring console. Wireless call system with back-up wired call system installed.

This is priced as an asset sale. A local bank is very interested in seeing this opened back up and will consider financing an acceptable buyer.

About the Business

Year Established:
1995
Number of Employees:
9
Real Estate:
Owned
Building Sq. Ft.:
5,040
Facilities:
Licensed for 16-beds with 14-rooms. Fully equipped kitchen and office area. 5040 SF on 1.93 acre lot.
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About the Sale

Reason For Selling:
Absentee Owner - Lives out of state.
Training/Support:
Closed September 1st, 2018. Almost move in ready.
Seller Financing:
Area bank will consider financing approved buyer.

Listing Info

ID:
1547586
Ad Detail Views:
319

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Business Listed by

Lanier Chew, CBI

Sunbet Business Brokers and Business Brokers South

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