Business For Sale

Personal Care home, metro Atl, lic 18. solid #s.

Not Disclosed, GA
Rockdale County


Asking Price: Annual Revenue:
$695,000 $355,000

Services: Senior Living & Care, Assisted Living


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RE: Personal Care home, metro Atl, lic 18. solid #s. Broker: Matt Wochele
Owner Financing is Available!
10%

Quick Facts

Asking Price: $695,000
Annual Revenue: $355,000
Net Profit: $85,000
Cash Flow: $100,000
Total Debt: $450,000
FF&E: $50,000
Real Estate: $450,000
Year Established: 2009
Employees: 14
BBN Listing #: 298230182
Broker Reference #: 040720171

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Business Overview:

They were established in 2009 as a 12 bed facility. In late 2014 they built an addition to increase the license to 18. The demand was there and still is as this home stays at or near full. There is room to to another addition adding six or seven more beds. The revenue reflects the demand as it has increased from $195,000 in 2014 to $355,000 in 2016. The owner's discretionary earnings are in the $85,000 range before debt service. A full time owner could add to that number. The owner has the Medicaid Waiver Program along with private pay residents. They are fully staffed giving the owner flexibility. They also have an RN on the payroll at $17,000 / year as required by the CCSP. This is a first rate home with a solid reputation. We are asking $695,000 for the business and property.

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Property Features and Assets:

They were established in 2009 as a 12 bed facility. In late 2014 they built an addition to increase the license to 18. The demand was there and still is as this home stays at or near full. There is room to to another addition adding six or seven more beds. The revenue reflects the demand as it has increased from $195,000 in 2014 to $355,000 in 2016. The owner's discretionary earnings are in the $85,000 range before debt service. A full time owner could add to that number. The owner has the Medicaid Waiver Program along with private pay residents. They are fully staffed giving the owner flexibility. They also have an RN on the payroll at $17,000 / year as required by the CCSP. This is a first rate home with a solid reputation. We are asking $695,000 for the business and property.

Market Competition and Expansion:

They were established in 2009 as a 12 bed facility. In late 2014 they built an addition to increase the license to 18. The demand was there and still is as this home stays at or near full. There is room to to another addition adding six or seven more beds. The revenue reflects the demand as it has increased from $195,000 in 2014 to $355,000 in 2016. The owner's discretionary earnings are in the $85,000 range before debt service. A full time owner could add to that number. The owner has the Medicaid Waiver Program along with private pay residents. They are fully staffed giving the owner flexibility. They also have an RN on the payroll at $17,000 / year as required by the CCSP. This is a first rate home with a solid reputation. We are asking $695,000 for the business and property.

Reason for Selling:

Retirement

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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Disclaimer:

The information has been supplied by the Seller. BBN has not verified any of the information provided in this listing. Any agreement or decision by a buyer to pursue a transaction of this listing should be based on further investigation and due diligence. BBN expressly disclaims any and all liability resulting from the sale of this business. For full disclosure please read BBN's full Legal Disclaimer.


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