Assisted Living--Secure Urban Facility

Not Disclosed, NM
Bernalillo County

Central NM -- Urban

Asking Price: Annual Revenue:
$2,420,000 Not Disclosed

Services: Senior Living & Care, Assisted Living

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RE: Assisted Living--Secure Urban Facility Broker: Barbara Kline
License #: NM REC 49950

Quick Facts

Asking Price: $2,420,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,195,000
Year Established: 2016
Employees: Not Disclosed
BBN Listing #: 306659713
Broker Reference #: 2019-ual

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Business Overview:

Fully-operational assisted living facility opened in 2016 with 10 rooms. An additional 10 rooms were built out in 2018, with the facility occupying +/- 8,000 square feet of the building. The facility has an 80-90% occupancy rate. Architectural plans and city permits have been approved renovating the second half of the building, which will add another 20 rooms, for a total of 40. Projected cost to complete the build-out is $800,000 and will result in 16,000 square feet of useable space.

This facility is built out with higher end materials and has a fully equipped commercial kitchen and multiple common areas with partial kitchens for snacking.

Annual Gross Revenues (at 100% occupancy) for the 40-room facility are projected at $1,632,000 with an NOI of $932,528. At 85% capacity, NOI is projected to be $700,688.

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Property Features and Assets:

High walkability urban area. Fully fenced. Recently renovated.

Market Competition and Expansion:

Assisted living facilities are in high demand in this area. This is a unique facility, conveniently located, with the ability to double in size on the current real estate.

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.

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