Hot Listing

Highly Profitable Assisted Living Facility- SBA PRE-APPRVOED

Asking Price$3,000,000

Gross Revenue
$3,500,000

Net Operating Income$1,200,000

FF&ENot Disclosed

Building Sq. Ft.3500

Price per Sq. Ft.Not Disclosed

Assisted Living FacilitySave
Hot Listing

Highly Profitable Assisted Living Facility- SBA PRE-APPRVOED


Asking Price$3,000,000

Gross Revenue
$3,500,000

Net Operating Income$1,200,000

FF&ENot Disclosed

Building Sq. Ft.3500

Price per Sq. Ft.Not Disclosed

Property Description
This is an amazing opportunity to acquire a very profitable Assisted Living Facility in a very fast growing Florida City. The Project involves an existing facility that Generates a Gross income of approximately $700,000 and Current net earnings of over $250,000 . In addition there is a very large lot approved for 4 Times more beds making this a Huge Money Maker with a Projected Net Income of approximately $1,200,000 with approximately $2,250,000 for build out---Lender in place that can provide 90% Financing with construction loan . The Project has a Contractor in place as well as an Administrator making a Great Absentee Business. Profit potential overall once the new dwellings are built will be in excess of 20% a year, which would great a huge built in equity There is not better opportunity in this space on the Market and this one will go fast. There is a Lender Lined up and this should also qualify for an EB5 Visa.
About the Property
Type
Multi-Family
Building Status
Established
Facilities & Assets
There is an existing facility that consists of 14 beds and there is a very large lot that can provide an additional 66 Beds. This is an amazing opportunity. The existing facility has been very well run, has a great reputation and the additional beds make this a golden opportunity. This is a highly confidential listing and a CIM will be provided with an NDA but proof of Down-payment needed for name and Financials to be released per Seller.
Location Description
There will be an agreed upon transition period.
Current and Prior Use
The facility is currently an ALF.
About the Sale
Furniture, Fixings and Equipment
Included in Asking Price
Financing
The property is pre-qualified for an SBA Loan.
Current Property Expenses
Will be provided with an NDA.
Listing Info
ID:
2288859
Listing Views:
3744

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Property Listed by: Alan Mehrez United Realty Group

Listing ID: 2288859 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.