Highly Successful 10 Bed Assisted Living Facility in Casa Grande, AZ

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A True Turn-Key Facility!
Asking Price:
$350,000

Gross Revenue:
$330,000
Cash Flow:
$156,804
EBITDA:
$120,000
Inventory:
$1,500
included in asking price

FF&E:
$3,500
included in asking price

Real Estate:
$375,000
not included in asking price

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Business Description

A fantastic opportunity to acquire a well-established multi-faceted Healthcare Company that owns a 10 bed assisted living facility, caregiving services, and not-medical transportation.

This is a rare and unique situation where a new owner has access to three healthcare platforms under a single roof. A highly motivated owner/operator could potentially match, or overcome the Assisted Living annual gross earnings in 2018, by growing the caregiving client base, and the capitalize on the non-medical transportation due to the lack of stretcher transports in the local area.
The Olive Branch Assisted Living has been in operation for over 24 years, and currently licensed through Arizona Department of Health Services as a Directed care 10 Bed Assisted Living Home. The Property sits on .5 acres, and the dwelling is approximately 4200 sqft containing 8 bedrooms, 3 full baths, and an office/storage room including a detached newly built manager’s suite containing a bedroom, office/living room and kitchenette connected by an over-sized patio. This includes a functional outdoor kitchen and large pool.

If business is purchased with real estate, owners are offering a $25k incentive to be used in addition to providing assisted living, the company provides non-medical transportation, and has local contracts with Casa Grande Medical Center, and various Hospice organizations . Van is included with the asking price.
The company’s scope of practice also includes In-Home services providing Caregivers and CAN’s to clients Homes.
Owners will stay on board for 6 months to educate/train, and network contacts and referral sources for keeping beds full without having to accept ALTCS (welfare) residents who only pay 60% of actual costs. However facility through Mercy Care and can accept ALTCS.

About the Business

Location:
Pinal County, Arizona
Number of Employees:
5
Real Estate:
Owned
Building Sq. Ft.:
4,200
Facilities:
Entire home is fully furnished including hospital beds and medical supplies.
Market Outlook/
Competition:
50,000 member community swells to over 105,000 with 55,000 plus seniors visiting for 6 months every winter. Demand for Assisted Living as seniors age and health fails is never-ending.
Growth & Expansion:
City codes and property size currently prevent expanding this facility beyond 10 beds. However, it is not unfeasible to purchase adjacent properties and expand into multiple Assisted Living Homes with joint staff and management.
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About the Sale

Reason For Selling:
Owner is newly married and spouse wants to expand restaurant farming business.
Training/Support:
Owner will stay on board for 6 months to educate/train, and network contacts and referral sources.
Seller Financing:
REAL ESTATE NOT INCLUDED IN SALE PRICE.

Listing Info

ID:
1428200
Ad Detail Views:
0

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Business Listed by
Steve Brock

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