Thriving Pair Of RVA Businesses Serving DD Adults

Business Overview:

For sale by the retiring owner is a unique opportunity comprising two debt-free, well-established businesses along with accompanying real estate. The first business is a group home catering to adults with developmental disabilities, offering a tranquil and supportive environment for residents. With over two decades of operation, the group home boasts remarkable stability and profitability. Fully staffed with minimal turnover, the business is exclusively funded through Medicaid, with clients provided by the state, thus eliminating the need for marketing efforts.

In addition to the group home, the package includes a thriving day care center catering to adults with developmental disabilities. Operating since 2007, this center provides social and life skill training and personalized care, ensuring the well-being and happiness of its clients. Like the group home, the day care center enjoys exceptional financial stability, with all costs covered by Medicaid and a consistent stream of clients facilitated by state referrals. With absentee ownership potential, these businesses offer a rare chance for passive income generation and wealth creation while making a meaningful impact in the community. The combined package presents an enticing investment opportunity for those seeking both financial success and the satisfaction of providing a vital public service.

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Property Features and Assets:

Real Estate Asking Price: $862,000.00

Facilities:Residential property is used for the group home, and a commercial property for the ADCC.

Market Competition and Expansion:

​Competition: "Competitive advantages over other long-term care providers resulted in industry growth. Medicaid has expanded, enabling more individuals to obtain funding for industry services. Small operators are entering the industry, while larger companies are consolidating. Aging baby boomers will increase demand for adult day care services. The projected growth in government healthcare funding will benefit industry operators. Larger operators will expand by entering new markets and acquiring smaller companies. The prevalence of physical and mental diseases will increase, raising demand for industry services."

Source: IBISWorld Industry at a Glance

​Expansion: Group home has an immediate opportunity for >30% increase in revenue/profit by reactivating a residential unit closed under COVID restrictions but recently approved for reopening.​

Reason for Selling:

Retirement

Additional Details:

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