Assisted Living Facility is for 2 years renewable lease for $3,500/month or for purchase for $650,00

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Real Estate Lease for $3,500/month or buy for $650,000
Asking Price:
$650,000

Gross Revenue:
 Not Disclosed
Cash Flow:
 Not Disclosed
EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Hygieia RCH is an assisted living facility (ALF) in a large single-story home in a high demand residential area. Hygieia is in business for the past 7 years. Hygieia facility has two wings. The first wing is the ALF and the 2nd wing is for owner’s office unrelated to the ALF. Only the 1st wing with ADA specification is for lease or for sale, Entire property built according to DHHS / ADA specification and is certified.

This first wing has 4 bedrooms that can accommodate 7 residents. The caregiver can sleep on a sleeper sofa in the living room. Hygieia is DHHS (Department of Health and Human Services) licensed for 8 residents but currently can accommodate only 7 residents. Wing 1 also comes with a common area that is consist of a living room, reception area, kitchen and dining room. The common area is shared by wing 2 (owner’s offices, and conference room). It also has large front and backyard. Facility is furnished.

You can lease (renewable) this place for two years for $3.500/month. One month rent as security deposit, last and first-month rent is required upfront, before moving in. You can renew the lease as long as you want. You will pay all utilities bill and maintenance cost of the yards. Please see the attached Excel sheet for profitability. Currently, there is no resident in this facility. You are required to carry business liability insurance and total home warranty with our name as beneficiary.
Condition: One old lady lives there and will continue to live there until you fill in the facility with 6 residents. At that time, we will take her out from the facility.

Or you can purchase both wings 3,800 sq. ft. with conference room, back office space for 5 workers, and two private offices, ½ acre lot size, for $650,000

Whether you lease or purchase you will also need to purchase our license for $25,000. After initial CHOW license is renewable every two years for few hundred dollars. Financing for the license fee for lease is available.

This ALF facility is on 0.50-acre lot, the largest lot in this neighborhood. You can expand this facility by adding 4 to 5 bedrooms on the huge backyard. This will bring your profitability from $8,000/month for 7 residents to $20,000/month for 16 residents

About the Business

Location:
Plano, Texas
Year Established:
2012
Number of Employees:
0
Home Based:
Yes
Facilities:
See the description
Website:
www.HygieiaRCH.com
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About the Sale

Reason For Selling:
Wants to retire.
Training/Support:
We can train you for a small fee.
Gross Revenue
Comments:
0

Listing Info

Keywords:
ALF, Assisted Living Faciltiy, RCH, Residential Care Home, Senior Living, Elderly Residence, Healthcare, Hospice, Senior care, Real Estate, ADA, DHHS,
ID:
1451764
Ad Detail Views:
0

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