Assisted Living-10% FCF, Leased Facility

Not Disclosed, NM

Greater Albuquerque MSA


Asking Price: Annual Revenue:
$190,000 $668,000

Services: Senior Living & Care, Assisted Living


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RE: Assisted Living-10% FCF, Leased Facility Broker: Barbara Kline
License #: NM REC 49950

Quick Facts

Asking Price: $190,000
Annual Revenue: $668,000
Net Profit: Not Disclosed
Cash Flow: $66,800
Total Debt: Not Disclosed
FF&E: $18,500
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 590959713
Broker Reference #: Not Disclosed

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Business Overview:

Clean, airy Assisted Living facility achieved 90%+ capacity in 2019, roughly 15 months after facility expanded to 25 beds in 20 rooms. Demand is high for assisted living quarters in Central New Mexico and New Mexico in general is a prime destination for retirees seeking sun and affordable living. Projected free cash flow based on 6 month actuals, annualized, which reflects 90%+ capacity, is 10% of gross. Lease rate is $14 per square feet NNN. Business owner is landlord and is open to discussing first right of refusal agreement to tenant should building be offered for sale.

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Property Features and Assets:

Located on hard corner in high walkability urban area. Stunning mountain views from some rooms. Fully fenced. Higher-end buildout, fully renovated in last 5 years. 25 beds in 20 rooms, each room has a private bath. Commercial kitchen and multiple communal areas, including shaded outdoor area.

Market Competition and Expansion:

A recent article by Kimberly Fowler on AssistedLiving.com notes that a recent Nielsen marketing report states that just a few years, adults over the age of 50, will control 70% of the nation’s disposable income. These aging Boomers are looking for quality and experience as they downsize into senior living and assisted living facilities, and many have the money to afford what they want. New Mexico is a prime destination for retirees. This assisted living business leases 8,000 square feet of a 14,700 square feet facility, which has been renovated to provide exceptional living accommodations for those in need of short- or long-term assisted living arrangements. Potential exists to expand into 2nd half of building. Consult broker.

Reason for Selling:

Changing careers.

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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