Two Adult Day Care Centers for Sale NY-33049

Not Disclosed, NY
Rockland County

Asking Price: Annual Revenue:
$2,800,000 $3,331,522

Services: Non-classifiable

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RE: Two Adult Day Care Centers for Sale NY-33049 Broker: Joseph Stansky Esq
Owner Financing is Available!
$2,200,000.00 Down & $600,000 over 3 years @5%

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $3,331,522
Net Profit: Not Disclosed
Cash Flow: $792,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 18
BBN Listing #: 88804447
Broker Reference #: 33049

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Business Overview:

Large Bronx and Rockland Adult Social Day Care Facilities Over a dozen top MLTC contracts in place. Free help by social workers to obtain Medicaid and Long-Term Management. RN on staff per diem in both locations. Fitness/recreation, arts and crafts, entertainment, shopping and nature day trips, medication reminders, Dancing and music, salon and barber services, etc. Planned program of activities. Safe, supportive and cheerful environment. 8 years left on lease. With MLTCs in place a buyer can move the location or open additional locations. Illness of one of the partners forces sale of this extremely profitable business. Bronx: Established 6 years. Over 165 participants with over 500 visits per week. 2 shifts - Russian members in the morning and Spanish in the afternoon. Cost $300,000 to build out. Medical offices next door. 12 employees. Bilingual staff. Serves all of the Bronx including Coop City, Riverdale, Washington Heights, etc. Has members in Bayside. Over a dozen MLTC contracts including 6 with VNS send clients every month. 4,500 square feet. Clean audits. All family services provided. Includes 6 passenger vans and one wheelchair van. Catering food cost is $7-9 per day. Cost 1.5m to build out. Can be absentee for new owners. Great Manager in place. Nets over $500,000. Rockland: Approximately 95 members. Bills for over 300 visits per week. Established 8 years. Cost $150,000 to build out. One shift with opportunity to add second shift. 6,500 square feet. 12 years left on lease - $8,000 month rent. On main Rockland roadway in the center of town. Spanish, Indian, Russian, Haitian members. Multilingual staff. Owners are working on 2nd shift for special needs members. 2nd floor could be rented to doctor or physical therapist, etc. that can provide services to members. Uses My Ability Network software which is fully integrated with MLTCs and Medicaid. Can quickly upgrade to HHA Exchange Software. Clean audit and site visit history. Can expand service to the whole county and add facilities. 1 to 8 ratios. Billing done in house weekly. Health issues of one partner forces sale of both facilities. Great Activity director ($22 hour). Active owner operator could expand marketing and add a second shift and open other facilities Nets 0ver $250,000 per year. Needs owner operator. PROOF OF LIQUD FUNDS AND RELEVANT BUSINESS EXPERIENCE is required for the name of the business and a meeting with the Seller. This business is NOT bank financeable.Seller to keep the Accounts Receivables. Contact broker Joseph Stansky for more information. Please use email reply button of this ad to contact us.

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Reason for Selling:

Illness of one of the Partners.

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.

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