Three, 6 Bed Assisted Living RCFE's- SBA Approved

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Asking Price:
$750,000

Gross Revenue:
$776,621
Cash Flow:
$263,493
(Seller's Discretionary Earnings)

EBITDA:
 Not Disclosed
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Description

Inland Empire - 3 Beautiful Established Turn-key 6-Bed Assisted Living Residential Senior Care Facilities RCFE- SBA Approved

These residential senior homes provide private pay assisted living and memory care in a spacious, nurturing home environment, located in an upscale Inland Empire neighborhood. Very well regarded in the senior care community, the long term staff and owners have provided excellent care to elders with dementia and other age-related conditions since 2010. These homes are successful and Turnkey Residential Senior Care Homes licensed for 6 occupants with 4 private bedrooms and1 shared bedroom. There are spacious indoor living and dining areas, and lovely backyards. Long term leases are available to Buyer.

All current caregivers have worked for numerous years at these facilities and have decades of combined care-giving experience, including dementia-care. Their program provides gourmet dining, a wellness program, transportation, daily social activities and memory care. These residential care facilities take great pride in having a constant, high staff-to-resident ratio that has someone onsite 24 hours a day, seven days a week. This has led to there being a frequent waitlist for potential clients and strong word of mouth recommendations, in addition to long term relationships with medical and hospice agencies for placement. The homes are licensed for ambulatory, non-ambulatory, bedridden, hospice, dementia and have been fully upgraded to State RCFE requirements.

Financial performance in 2017 was gross revenue of $760,262 and Seller Discretionary Earnings of $259,337. The year 2018 was stronger, with gross revenue of $776,621 and SDE of $263,493. The projected 2019 gross income will be $825,000+ with an SDE of $300,000+. The business has no accounts receivable problems as residents pay in advance.

Training and support will be provided by Owner, post-close. Seller to stay on as temporary Licensee while Buyer obtains licenses. Seller will assist buyer in obtaining their license. Excellent opportunity for investors as the business is all help run.

For additional information, please contact Frank Costa at frank.costa@sunbeltnetwork.com or by phone at (818) 653-3480.

Disclaimer: The information above was furnished by the seller. Sunbelt Business Brokers of Pasadena or its agents have not verified the information and makes no representations as to its accuracy or reliability.

About the Business

Year Established:
2010
Number of Employees:
FT-2; PT-1
Facilities:
Three (3) locations:

4,000 SQ FT
3,900 SQ FT
2,500 SQ FT
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About the Sale

Reason For Selling:
Pursue other business opportunities
Training/Support:
Training and support will be provided by Owner, post close.

Listing Info

ID:
1616229
Ad Detail Views:
0

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Business Listed by

Frank Costa

Sunbelt of Pasadena
License# 01324936

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Sponsoring Broker:

Angelica Michail, MBA, CBB, CBI
Sunbelt of Pasadena
License# 01454723

U.S. Census Data for San Bernardino County, CA
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Source: Decennial Census (2010), United States Census Bureau.

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U.S. Community Survey Data for San Bernardino County, CA
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Report an Issue 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 & Conditions.