Business For Sale

Residential Health Care Facility Newark NJ

Newark, NJ
Essex County

Essex County


Asking Price: Annual Revenue:
$4,900,000 $163,646

Services: Senior Living & Care, Assisted Living


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RE: Residential Health Care Facility Newark NJ Broker: Kate Costello

Quick Facts

Asking Price: $4,900,000
Annual Revenue: $163,646
Net Profit: $83,646
Cash Flow: $83,646
Total Debt: Not Disclosed
FF&E: $60,000
Real Estate: Not Disclosed
Year Established: 1990
Employees: 6
BBN Listing #: 7302344
Broker Reference #: 3469

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Business Overview:

This facility services seniors who are in need of supportive long term care. Residence is licensed for 30 beds. Offered is a wide variety of social activities through an offsite day program, and all the comprehensive services of a larger facility, while maintaining the setting of a small home. Residential options include short term and long term stays in both private and semi private room.The facility has a stair lift for patients; set up for automatic payment.The facility is licensed by the NJ Div.of Community Affairs.

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Property Features and Assets:

Private victorian mansion, double house. 11 bedrooms, 6 bathrooms, 2 living rooms, dinning room, kitchen. Real Estate not included $450,000.

Market Competition and Expansion:

Population is living longer and in need of senior care.Become providers with managed care organizations that service medicaid population.

Reason for Selling:

Retiring

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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