Three-Home Rehabilitation Health Facilities W/RE

Business Overview:

If you are looking for a turn-key business that consists of three different properties that are owned and not leased with all the state requirements fulfilled and up to code then look no further. All the homes are fully licensed and up to code and the company's management is fully staffed and will transition with the new ownership if the new ownership wants to retain the management. This company consists of 21 beds spread over 3 homes and the group has already activated one of the homes to test run the systems and everything worked perfect according to the Seller. Right now all the beds are available and it needs a new owner to flip the switch. Due to the Seller's health issues and needing to move and the extended time it took to get everything they needed with the State in order to be fully permitted and approved, the Seller has chosen to liquidate their position at asset prices and give the Buyer a great turn-key opportunity at cost. The income based on projections at an 80% occupancy rate which is very conservative would range around $2,500,000 in gross income and $800,000 in net income per year after all expenses to the ownership. Once you inquire you will receive a list of the homes and current loan terms, projected financials, along with any other relevant information. The Seller is open to the Buyer assuming the loans currently held which are non-recourse and non-reporting so you can come in with less money down. The company offer clients group sessions, psychiatric services, community resources, treatment services, urine analysis, life skill engagement and integration of the 12 step program. The residential setting gives you an edge to make client feel more comfortable on the their stages of recovery rather than a medical office or a commercial large building setting. The increase demand of rehab/recovery services ensures stability over the years on your investment. This is your chance to get in early and build upon an already turn-key operation as the company wrapped up the licensing and build-out for all the homes recently. The business included $2,060,000 worth of real estate and over $685,000 worth of FF&E/Licensing/Business Assets in the price. Seller currently has a mortgage balance across all properties at around $1,215,000 which are assumable so you need to come in with $1,000,000 down and assume the loans or you can purchase outright at the list price and the homes will be free and clear at closing. Hurry this will go quick, especially since all the hard work of licensing each property has been completed and priced below pure asset value.

Contact the Seller:

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button (above Quick Facts) and when you are done searching and have made all your selections, simply click on the REQUEST FREE INFO button at the bottom of this page.

Property Features and Assets:

Three homes total with two located in Mesa & one in Chino Valley

Market Competition and Expansion:

Tons of room for growth with filling all 21 beds.

Reason for Selling:

Kindly ask the seller for more information.

Additional Details:

Relevant Links:

• View more Arizona businesses for sale
• View more Businesses For Sale in the same industry
• Sell a business online
• Find a business broker