Assisted Living with bldg--10% FCF 25-beds

Not Disclosed, NM
Bernalillo County

Greater Albuquerque MSA


Asking Price: Annual Revenue:
$1,455,000 $668,000

Services: Senior Living & Care, Assisted Living


Request More Information
Contact the Seller

RE: Assisted Living with bldg--10% FCF 25-beds Broker: Barbara Kline
License #: NM REC 49950
Owner Financing is Available!
Owner will consider partial financing

Quick Facts

Asking Price: $1,455,000
Annual Revenue: $668,000
Net Profit: Not Disclosed
Cash Flow: $66,800
Total Debt: Not Disclosed
FF&E: $18,500
Real Estate: $1,265,000
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 802659713
Broker Reference #: Not Disclosed

Email, Print & Share

Request More Information
Contact the Seller


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. Real estate has been priced at 10% Cap Rate based on $14 per square feet NNN.

Owner open to discuss lease as opposed to building purchase--consult broker for details.

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:

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. Potential for expansion to 45 beds -- consult broker for details.

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 package comprises 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. Plans and permits for an additional 8,000 square feet of assisted living have been approved Consult broker to discuss expansion opportunities of current offering.

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:

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!