SBA Pre-Qualified
***Confidential listing, not in indicated city***
This 20-bed non-medical Assisted Living Facility is in a quaint New England town. It is in a beautiful Victorian property that makes residents feel like they are in a home, not an institution.
The well-maintained facility has no pending capital repairs. There is one shared apartment on the 1st floor and 4 shared apartments on the second floor. The balance are private rooms.
Private pay residents pay $4,100 -$4,200 per month. Medicaid residents are at $3,700 - $3,900 per month.
The facility currently holds two beds open for COVID, so revenue could be increased right away by putting those two beds back into service.
There is an attractive dining room and a large outdoor porch enjoyed by the residents. The facility if fully staffed by employees who genuinely care for the residents.
This Assisted Living Facility is SBA Pre-Qualified
Financials
Asking Price: $430,000
Gross Revenue: $796,000
Cash Flow: $201,016
FF&E: $25,000 (included in sale price)
Inventory: $10,000 (included in sale price)
Real Estate: $600,000 Available for Sale. (Subject to commercial appraisal)
Employees: 8 FT, 22 PT
Payroll: $36,000/month
Disclaimer: Information and financials provided by the sellers and Inbar Group has not audited them.
