Business For Sale

UNDER AGREEMENT Assisted Care Living

Not Disclosed, MA
Worcester County


Asking Price: Annual Revenue:
$4,000,000 $1,180,000

Services: Senior Living & Care, Assisted Living


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RE: UNDER AGREEMENT Assisted Care Living Broker: Karen Kelley
Owner Financing is Available!
To be discussed.

Quick Facts

Asking Price: $4,000,000
Annual Revenue: $1,180,000
Net Profit: Not Disclosed
Cash Flow: $624,000
Total Debt: Not Disclosed
FF&E: $750,000
Real Estate: $1,400,000
Year Established: Not Disclosed
Employees: 21
BBN Listing #: 89262849
Broker Reference #: 15537

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Business Overview:

Long Term Residential Care Home located in Central MA provides residents with a bed & breakfast like setting & atmosphere. Residents are supported 24-7 by medical management, direct care / daily living activities, and many other forms of day to day quality care administered and supervised by a highly skilled and trained staff.

The facility is always at capacity and has a waiting list! Revenues are in excess of $1M, and earnings are well above industry standards.

The business and property are being offered at a very attractive price of $4,000,000 and should have no problem complying with an SBA 7A & 504 financing program.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

The property consists of an approximately 16,710 total square feet, three story colonial style building that sits on approximately 0.73 acres. The property underwent a $983,000 6,400 square feet expansion and renovation in 2012 which added 12 additional beds for a total of 34 beds. The project was considered necessary as constant requests for occupancy and other upgrades to the existing building made economic sense.

Market Competition and Expansion:

There are a few other Level IV Rest Homes within a 20 square mile radius. This business maintains full capacity and a long waiting list.

Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Documents:

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