Well Located 16 bed ALF on 2.5+/- acres!

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Well Located 16 bed ALF on 2.5+/- acres!
Asking Price:
$949,000

Gross Revenue:
$237,198
Cash Flow:
 Not Disclosed
EBITDA:
$148,325
Inventory:
 Not Disclosed
included in asking price

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed
included in asking price

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Business Description

Just reduced!! Well located 16 bed ALF on 2.5-/+ acres, near Orlando, with an elevated 500’+/- long dirt driveway running from the road to the parking area. The front building is currently licensed for 11 beds and the rear building is licensed for 5 beds, totaling 16 beds. The land use shows 17 beds. The front bldg. has 5 brs/3 baths. The rear building has 3 brs/2 baths. Situated only minutes away from I-4, in a country living type of neighborhood, yet only minutes from amenities and conveniences. Very quiet & serene, a perfect setting for an ALF. Due to the large parcel adding more beds may be possible, subject to local authorities approval and prospects need to inquire with local authorities regarding the potential expansion of beds.

"Principals Only".

About the Business

Location:
Florida
Year Established:
1990
Number of Employees:
3 F/T
Home Based:
Yes
Real Estate:
Owned
Building Sq. Ft.:
3,350
Facilities:
Well located 16 bed ALF on 2.5-/+ acres, with an elevated 500’+/- long dirt driveway running from the road to the parking area. The front building is currently licensed for 11 beds and the rear building is licensed for 5 beds, totaling 16 beds. The front bldg. has 5 brs/3 baths. The rear building has 3 brs/2 baths. Situated only minutes away from I-4, in a country living type of neighborhood, yet only minutes from amenities and conveniences. Very quiet & serene, a perfect setting for an ALF.The ALF is always at high capacity and currently there are 14 residents.
This ALF was opened up many years ago but not sure of the exact date. The seller estimates an initial opening date of 1990.

"Principals Only". For more information, a confidentiality agreement provided by Omni Real Estate must be completed and executed.
Market Outlook/
Competition:
With the graying of the nation and the baby boomers coming to an old age, ALFs will be in demand for many years to come.
Growth & Expansion:
The zoning is RA (Rural Agricultural Estate), allowing 17 beds land use. There is a standby generator with a propane tank. Great opportunity for the hands-on owner-operator. Current ownership since 8-2008. Due to the large parcel of land and according to the owner more beds could be added by expanding the current buildings (subject to local authorities' approvals and prospects' due diligence).
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About the Sale

Reason For Selling:
Owners are involved in other professions and decided to slow-down.
Training/Support:
Owner will train and remain for a period of time after closing.

Listing Info

ID:
1361561
Ad Detail Views:
821

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$
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Business Listed by

Sam Buran

Omni Real Estate.
License# 394076

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