Profitable Assisted Living Facility - Fully Occ...

Bakersfield, CA
Kern County

Asking Price: Annual Revenue:
$128,500 $180,000

Services: Medical, Dental

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RE: Profitable Assisted Living Facility - Fully Occ... Broker: John Willingham
License #: BRE 556588
Owner Financing is Available!

Quick Facts

Asking Price: $128,500
Annual Revenue: $180,000
Net Profit: Not Disclosed
Cash Flow: $93,300
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 2
BBN Listing #: 605838457
Broker Reference #: BAKERCA001-N969

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Business Overview:

Well established profitable assisted living facility located in a Single Family Residence in Northwest Bakersfield in a popular neighborhood. The owners have been operating this facility since 2014 and are moving out of the country after they sell this Business. This is an excellent opportunity to expand if you are already in the business or to get into the business at a very low price. The industry is expected to grow Nationally at the rate of 1.5% until 2026. Industry Drivers are Medicare and Medicaid Expenditures, Number of adults aged over 65, and total Health Expenditures. There is a need for Assisted Living Facilities in the Bakersfield Area and the owner says they are usually full. The Pro Forma information above was give to me by the Seller and is based on their 2020 Schedule C adjusted for the Seller’s Discretionary Expenses and including $39,600 of additional income, to reflect that the Facility is now licensed for 5 Residents rather that 4. They are currently 100% occupied.

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Property Features and Assets:

Real Estate License ID: BRE 556588

Reason for Selling:

Relocation out of state

Additional Details:

  • The property is leased.
  • 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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