Social Adult Day Care (SADC) operates two locations in a densely populated area of Queens County. They have all important MLTC contracts in place. Both locations (# 1 - 8,000 sq. ft. and # 2 5,000 sq.ft.) have been open for 9 and 6 years respectively. 130 members and 50 Members. Well regarded in the community working with elected county and state representatives with neighborhood parties, events like immunizations, trips & outings. Huge backyard. Offers 2 shifts w/full licensed kitchen. Extra gross sales from rental of vans for private trips, and parties. Party space (2nd floor space) has kitchen, sound stage, dance floor etc. Long leases with options in each location. They lease 3 vans. Operate 4 days per week plus weekend for private rentals and parties. Program director, assistant director, activities director, social worker, nutritionist, RN or LPN, etc. offering full range of activities and excellent meals. During Covid the owner was active providing over 140 members tele- health and food, with a gross sales of almost $1,000,000. Many SADC have gone out of business during Covid because they did not provide tele-health. had no revenue and lost their leases. Many opportunities to grow the business offering services to many other ethnic groups that live nearby- There is a need. More than 400 visits were billed weekly in 2019 with gross sales of $1,760,363 without the private rentals and parties. One tax return for both facilities- must be purchased together. The seller is considering combining the small facility into the larger space- All members are willing to move over. Seller (and new buyer) will have significant savings go right to their bottom line- no second rent, lower payroll, no second utilities, heat and A/C, insurance and phone, etc. The city is allowing reopening of SADC as of June 13th. The owners are seeking a very qualified buyer that can provide proof of liquid funds of at least $1m and relevant business background before a call or meeting. Contact broker Joseph Stansky for more details.
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