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Massachusetts Business For Sale |
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| LEVEL IV REST HOME, W/REAL ESTATE INCLUDED |
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| Attn: Ron Ekstrom |
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| Central Massachusetts, MA, USA |
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| Asking Price: |
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$2,500,000 USD USA Dollars |
| Business for Sale Industry: |
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Services: Medical, Dental, Assisted Living |
| Reason for Selling: |
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Retirement |
| Year Established: |
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1973 |
| # of Employees: |
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12 Full/3 Part |
| Yearly Revenues: |
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$1,100,000 |
| Yearly Cash Flow: |
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$360,000 |
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Business for Sale Overview:
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Level IV Rest Home with capacity to modify to alternate uses such as alzheimer's locked unit, add adult day care, etc. This is NOT skilled nursing. No required administrator's license, RN's or LPN's to staff. Business operates with RP's (Responsible Persons) and CNA's with a minimum of a LPN reviewing charts 4 hours a month.
Quality contruction with recent $250,000 remodel to decor and systems. One of only a few in the state built to this size and specs. MA is has also mandated a moratorium on any new skilled nursing or level IV rest homes for the foreseeable future.
This has been going on for 6 years. Only way to enter this market is to make an acquisition. Cash flow is NOI indicating maximum cash flow before debt. Please contact to receive CA for signature to receive full write-up on the company.
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Property Features and Assets:
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24,000 sq. ft. building; included in sale price. |
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Additional Details:
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- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for the new owner.
- This is not a homebased business opportunity.
- This is not a franchise opportunity.
- This is not a distressed business or bankruptcy situation.
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