Absentee-Run 3-Home Rehabilitation Health Facility
If you are looking for a turn-key, absentee-run business that consists of three different properties that are owned and not leased with all the state requirements fulfilled and up to code then look no further. All the homes are fully licensed and up to code and the company's management is fully staffed as well as one of the homes and will transition with the new ownership if the new ownership wants to retain the management and employees.
This company consists of 21 beds spread over 3 homes and the group has already activated one of the homes so far and already have $100,000's of dollars of receivables already in the pipeline with only 1 of the 3 homes taking on clients. The income based on projections at an 80% occupancy rate which is very conservative would range around $3,700,000 in gross income and $1,300,000 in net income per year after all expenses to the ownership. Once you inquire you will receive a list of the homes, projected and current financials, along with any other relevant information.
The company offer clients group sessions, psychiatric services, community resources, treatment services, urine analysis, life skill engagement and integration of the 12 step program. The residential setting gives you an edge to make client feel more comfortable on the their stages of recovery rather than a medical office or a commercial large building setting. The increase demand of rehab/recovery services ensures stability over the years on your investment. This is your chance to get in early and build upon an already turn-key operation as the company wrapped up the licensing and build-out for all the homes recently.
The business included $2,315,000 worth of real estate and over $685,000 worth of FF&E in the price. Seller is also offering amazing seller financing terms with $1,500,000 down and the balance amortized for 10 years with a 5 year ballon at 7%. Hurry this will go quick, especially since all the hard work of licensing each property has been completed.
