Seller's Contact Information
- RE: Assisted Living & Memory Care Company - TEXAS
- Contact: Dr. Nolan
- License #: 9002607
Quick Facts
| Asking Price: | $1,705,004 | |
| Annual Revenue: | $775,893 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $129,991 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $51,002 | |
| Real Estate: | $1,340,000 | |
| Year Established: | 2013 | |
| Employees: | 13 | |
| BBN Listing #: | 370842548 | |
| Broker Reference #: | 702226 |
Business Overview:
Assisted Living & Memory Care Company - Central Texas - Type B Facility
This Central Texas-based Assisted Living Facility with Memory Care certification is a sixteen-resident facility situated on seven acres in within easy reach of hospitals and Sr-living communities. In operation since 2012 the facility has Small Type B Certification and meets the requirements by the Health and Human Services Commission and the County Healthy Department and Fire Department. These requirements include an interior sprinkler system, a fire suppression system, and an expanded septic system.
The facility is on a seven-acre lot and offers privacy and the feeling of “country living” which is appealing to most people. The large courtyard is also very appealing since it allows for plenty of room to go for walks and sit outdoors. Since the company has a higher staffing ratio (1:4), staff and residents are encouraged to go outside for walks, fresh air, and sunshine as much as they would like. This courtyard space has been very therapeutic for both the staff member and residents since it makes them feel like they aren’t confined to only staying indoors.
The Owner, is the Administrator, receives a salary of $60,300 and is responsible for payroll, bookkeeping, and purchasing the food and supplies needed for the company. Other members of the management team include:
A full-time director – who is responsible for human resources, scheduling, and coordinating resident care.
A full-time medication aide – who orders and prepares medications for each resident.
A full-time cook – who orders, stores and prepares meals for staff and residents.
The owners wish to sell the company and real estate for $1,705.004
The structure would be as follows:
1) the business is valued at 3.5 times the four-year average Adjusted EBITDA of $104,287 or $365,004 and
2) the real estate is valued at $1,340,000.
This price includes 100% of the business and the fully renovated house that is currently operational with updated licenses. The owners have also done extensive work to prepare for an additional facility to be built. An architect has drawn plans, the permits and city zoning processes have been initiated and financial arrangements have been explored with local banks for this additional facility that would accommodate 16 additional residents. This business has licenses that would need to be transferred in a timely manner and would work with the new owners to make that transfer as smooth as possible.
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Property Features and Assets:
Fully renovated house of 10 private rooms, in a country living setting that is currently operational with updated licenses. Small Type B Certification and Alzheimer's Certified. CCTV. Interior sprinkler system, fire suppression system. Expanded septic system. Caregiver-to-patient ratio of 1:4. Home Health & Hospice services provided. Privacy and large courtyard provides plenty of room for walks and enjoying the outdoors for fresh air and sunshine.
Market Competition and Expansion:
It is widely known that Central Texas is exploding with new residents. Austin and the surrounding area are one of the hottest real estate markets in the country. Many of these residents are bringing their parents and seeking out assisted living services. Many licensed larger Type B facilities are present but are not in direct competition as their target market is in a completely different price bracket. These facilities are luring clients with amenities, but do not offer a similar level of care with the sparse caregiver-to-client ratios. This one is 1:4.
Reason for Selling:
Moving into another business venture.
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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