Business for Sale Overview:
Nursing Home Licensed for 62. Medicaid & Medicare Certified and of course they accept private pay. Has full staff of 55 plus the Administrator, who would like to stay with the new Owner.
Although the Home is licensed for 62, the average occupancy for the last year has been roughly 47. With a Medicaid Rate of $159.90 per day per Medicaid resident, this gives a lot of room to grow the income.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
This Nursing Home, operates out of a 20,300 Square Feet Leased Building, which also houses its own laundry facility. The Building itself surrounds an open air Patio, with shade trees which is used, at the occupants option, for cookouts, special occasion, and relaxation, and of course , to smell that Albuquerque fresh air.
Market Competition and Expansion:
There has been talk about expanding the Building to be able to accept up to 80 residents, which could be possible on the existing lot. I might mention that even though this business operates out if a leased Building, that is beleaved to help achieve the existing New Mexico Medicaid rate of 159,90 per day. The existing lease is in force until
2025.The Buyer of the Nursing Home Business has the option of asuming the existing lease or to purchase the Real Estate.
Reason for Selling:
Seller is not a Nursing Home Operator
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.