Dedicated Memory Care Facility

Asking Price$900,000

Cash Flow
$179,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,050,000

Inventory$25,000
Not included in asking price
FF&E$100,000
Included in asking price
Real Estate$709,000
Included in asking price
listing imageSave

Dedicated Memory Care Facility


Asking Price$900,000

Cash Flow
$179,000
(Seller's Discretionary Earnings)
EBITDANot Disclosed

Gross Revenue$1,050,000

Inventory$25,000
Not included in asking price
FF&E$100,000
Included in asking price
Real Estate$709,000
Included in asking price
Business Description
Legacy Memory Care at Kinston is a well-established 24 bed facility offering 100% memory care services with a strong resident occupancy history. It is the only Adult Care facility in Lenoir that currently holds a 4-star rating and an excellent reputation for compassionate care. The facility is highly regarded for its dedicated and professional staff, who provide personalized and attentive care to each resident. Families of residents have consistently praised the facility for its warm and welcoming environment, as well as its commitment to maintaining the highest standards of care. Strong financial margins and stable cash flows make this an attractive opportunity.
About the Business
Facilities & Assets
The facility is licensed for 24 memory care beds and is the only “4 star” rated Adult Care Home in Lenoir County. The building was built in 1957 and expanded in 1997 and is approximately 7,503 SF. Recent improvements include, roof replacement, bathrooms updated with step in features, kitchen update, and replaced PTAC systems. The facility operates on the city water and sewer system. Strong financial margins & stable cash flows make this an attractive opportunity.
Market Outlook / Competition
Adult care homes in North Carolina are subject to "certificate of need"(CON) regulations. There are no beds available in Lenoir County at this time.
Real Estate
Owned or Leased
Owned
Included in asking price
Building Sq. Ft.
7,398
About the Sale
Seller Motivation
The seller has other business interest and family obligations
Transition Support
The seller will assist with an orderly ownership transition. The seller is the licensed administrator and will need to be replaced.
Listing Info
ID
2434191
Listing Views
82
Business Location

Contact Seller

By clicking the button, you agree to BizQuest's Terms of Use and Privacy Notice.

Business Listed by: Trip Holmes

Listing ID: 2434191 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


Similar Listings
QC Kinetix
$200,000QC KinetixFeatured Franchise