LISTING ID # 35105
This is your opportunity to own a premier NYC Social Adult Day Care (SADC) Facility, established for 13 years and recently renovated.
Located in a densely populated neighborhood, this 10,000 sq. ft. facility on 2 floors (with an elevator) boasts 13 of the major hard-to -get MLTC contracts in place for many years and 270 active, in person members with between 620 and 650 visits per week (and growing). Preferred SADC vendor for many MLTCs, this SADC facility has weathered the storm of Covid as other local SADC facilities went out of business. Programs are 7 days and two shifts with fantastic location and beautiful views, allowing for many healthy local outdoor excursions. Members are transported from Brooklyn, Queens and Manhattan via 10 vans (5 in house). Meals are catered or prepared in the on-site kitchen.
There are large activity rooms and many rooms for individual services such as computer, arts and crafts, salon, games, and quiet rooms, plus events like meet and greet with local leaders, trips and outings, etc. Cost $300,000 to build out plus recent renovations. 15 staff members, and ADS software fully integrated with Medicaid/MLTCs. This business offers a unique opportunity for a qualified buyer that can provide significant proof of liquid funds (at least $2 million) and their healthcare or senior care background. 2022 average billing was $51,000 per week, with a gross of $2,694,000 and recast owner net profit of $621,900, a profit margin of 23%.
Seller, in 2023 is currently billing $65,000 per week with annualized gross of $3,380,000 and projected net (@ 23%) of $777,400. Sellers will retain their accounts receivable, and no bank financing will be considered. Buyers are required to provide proof of funds of at least $2m and their demonstrated back ground in senior care or a related healthcare background for seller’s permission to release the name and location of their business and a call with the owner. No financials until after a call with the owner.
