Formerly a 14 bed Assisted Living Facility. Currently vacant .

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Formerly a 14 bed Assisted Living Facility. Currently vacant .
Asking Price:
$650,000

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Asset Sale Description

"Principals Only Please".
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Formerly a 14 bed ALF that was recently closed down, located in Sanford. No business included but the FF&E will remain and part of the selling price.
The owners worked for almost 11 years specializing with subsidized and indigent residents and occasionally private pay residents. Recently decided to close down the operation.
The owners stated that they invested well over $150,000. in upgrades and installation of various equipment, such as automatic fire sprinkler system, fire alarm, smoke detectors, etc. The ceramic floors installation’s cost alone was about $45,000. An addition was constructed that includes the 2 bedrooms and common areas located on one side of the building. The new septic tank, drainage field, pump system was about $50,000. More upgrades with relocating partitions, bathrooms, etc., were performed during the ownership. There is a shed, free-standing utility building on site. The property is all fenced in with a gate.

Detailed Information

Year Established:
2008
Facilities:
The Gross Revenue is a projection.
The property is zoned R-2, one and two families, medium density residential. With a special exception use for an assisted living facility up to 14 beds. Lot size is 200"x190". The building is 3,247 SF.
Specializing and admitting APD residents may provide a high revenue than a typical ALF targeting subsidized residents.
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About the Sale

Training/Support:
N/A
Reason For Selling:
Leaving the industry.
Financing:
N/A

Listing Info

ID:
1631461
Ad Detail Views:
0
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Business Listed by

Sam Buran

Omni Real Estate.
License# 394076

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