Residential Intermediate Care Facilities with RE

Not Disclosed, CA
Ventura County

Asking Price: Annual Revenue:
$4,200,000 Not Disclosed

Services: Senior Living & Care, Assisted Living

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RE: Residential Intermediate Care Facilities with RE Broker: Matt Coletta
License #: 01417096/01009458

Quick Facts

Asking Price: $4,200,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1993
Employees: Not Disclosed
BBN Listing #: 640835994
Broker Reference #: Not Disclosed

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Business Overview:

Three Residential Intermediate Care Facilities with business and 3 residential properties and a total of 30 beds in Ventura County. The facilities are dedicated to providing a comfortable, caring, and supervised living arrangement in a family home setting. Services provided include room, board, social activities, three daily meals, scheduled transportation, 24-hour supervision and assistance with activities of daily living.

The asking price of $4.2M includes three residential care facilities (the business) as well as three residential homes (the real estate) in a prime area of Ventura County. This is priced for an immediate sale. The business and property are in Receivership and this is a court order sale. The asking price reflects a reduced value given that the facilities have not been operating at 100% occupancy. The receiver has hired a third-party person to oversee the facilities and business until it is sold. Most books and records are available but historical information may be limited. This is a great opportunity for an experience operator to purchase these facilities and bring them up to 100% occupancy which according to the various sources is doable given the current demand in the marketplace.

The facilities and properties HAVE BEEN pre-qualified for SBA finance for a qualified buyer with strong credit and related industry experience. SBA will finance both the business and the real estate as one loan with 15 – 50% down with 25-year amortization.

The seller also owns 3 additional facilities with the real estate in Kern County that are for sale at $1,750,000. That project has NOT been pre-approved for SBA finance, but seller will provide short term seller finance in order for a buyer to file 2 years of tax returns and refinance. An SBA lender is in place to assist with the refinance. Contact Broker for additional information and an NDA if interested.

Please note this is a confidential matter and only serious buyers with industry experience should inquire. No additional information will be provided until a Confidentiality Agreement, background information showing industry experience and proof of funds in the amount of $900,000 has been submitted. Please hit the reply button or the Contact Seller button to receive a confidentiality agreement and to learn more about this opportunity.

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.

Market Competition and Expansion:

Demand for these facilities is strong. Great opportunity to expand and grow given that these facilities are not operating at 100% occupancy which is common in the industry.

Reason for Selling:

Court Order Sale

Additional Details:

  • The property is owned.
  • The owner is not 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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