Close

Choose your country

Or view all businesses for sale

Worldwide

Sell Your Business

Advertisement

Est. & Profitable Adult Day Care In Charlotte For Sale

Mecklenburg County, North Carolina, US
Asking Price:
$1,600,000 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$928,201
Cash Flow:
$484,698

For Sale

Established Charlotte adult day care has served senior citizens and disabled adults in Charlotte and Mecklenburg County for almost three decades. As a State-Certified Adult Day Care and Day Health Services provider, the Company helps less-than-independent seniors and disabled adults maintain some independence in daily activities in a safe group and therapeutic environment. It also provides a safe and secure facility for caregivers to bring their loved ones to be cared for while they are at work.

Services are provided from 7 AM to 5:30 PM, Monday through Friday, with no overnight services. A nurse is available during these hours. This profitable business is turnkey and ready for a new owner, as either a full-time owner-operator or semi-absentee like the current owner. The experienced staff is well-versed in the requirements, policies, and procedures of running the facility on a daily basis. Per the definition of SDE, the financials are for a full-time owner-operator. The SDE also includes a rent expense ($117,000 in 2023). If the buyer also acquires the real estate, they will not have this expense and will have this $117,000 available for debt service or other uses.

Property Information

Real Estate:

Lease

Premises Details:

The Company operates out of a company-owned facility comprising 7,386 square feet and approximately 0.86 acres. The property is for sale for $1,325,000 or for lease for $124,000 NNN per year, payable monthly, with 3% annual escalators.

Business Operation

Expansion Potential:

There is a significant opportunity to expand the Company's online marketing and presence. The Company's facility could support approximately 40% more customers based on its licensed capacity.

Competition / Market:

The Adult Day Care industry is performing well and is expected to continue doing so through 2023 due to the steadily aging population and the high cost of alternative long-term care options. The industry has expanded due to increased government budgets and disposable income. Despite disruptions from COVID-19, revenue has continued to grow, with an expected 2.8% climb in 2023. As the elderly population grows, the demand for adult daycare services will also increase. IBISWorld forecasts industry revenue to climb at a CAGR of 2.7% to $7.6 billion through 2028, with the number of people with private health insurance expected to continue growing.

Reasons for selling:

Retiring.

Trading hours:

Monday-Friday 7am-5:30pm

Employees:
4 FT/8 PT
Years established:
29

Other Information

Support & training:

Will train for 4 weeks @ $0 cost.

Financing available:

Lender pre-screened with $160K down.

Furniture / Fixtures value:
$5,000 - included in the asking price
Inventory / Stock value:
$500 - included in the asking price