Fifty Six Bed Assisted Living Facility For Sale

Business description

56 Bed Assisted Living Facility Distress Sale For $1,499,000! Turnkey, Well positioned in desirable area. THIS BUSINESS IS GROSSING $1,700 PER MONTH PER PATIENT! However, this is an asset sale there are NO financials available, this is a distress sale at a low price. OWNER NEEDS TO SELL AS HE MUST RELOCATE!....asking price is 500K below appraised value. This is a 56 bed Assisted Living Facility Plus Real Estate.The real estate alone is valued at approximately $2,000,000!. 100% Medicare/Medicaid. 40 out of 56 beds are currently occupied due to operator illness,so there is a huge upside to dedicated Owner in good health & full of enthusiasm PLUS a new administrator is now in place to oversee the business! More beds filled--more income! Established since 1999 with a superb reputation in the community. This is a well maintained facility in a spacious 13,800 well presented layout. There is also plenty of room to grow as this Assisted Living Facility is very fortunate to be located on 5.8 acres of land. The staff are warm & friendly & there are lots of contented residents who call this facility home. Please contact now for more information.& an opportunity to visit. Serious inquiries only--OWNER FINANCING AVAILABLE WITH $400,000 DOWN PAYMENT!

Property information

Real Estate:

Real Property Included

Location:

Located in a 13,800 sq.ft free standing one story concrete block building with brick exterior & aluminium roof with 5.8 acres available for future expansion. This Assisted Living Facility is near Raleigh, North Carolina & is approximately 30 miles from 2 major Metro areas. Considered the gateway to the eastern section of North Carolina, this is a great region from which to explore the historic, natural, & recreational resources of the coastal areas. This area has become the commercial, cultural, educational, & medical hub of the region. A place known for its friendly Southern charm. Contact for more information

Premises details:

56 beds located in a 13,800 sq.ft free standing one story concrete block building with brick exterior & aluminium roof with 5.8 acres available for future expansion.

Business Operation

Expansion potential:

Great potential for expansion as there is 5.8 acres ready for future growth

Competition / Market:

Some competition

Reasons for selling:

Owner must relocate

Trading hours:

24 hours a day, 7 days a week

Employees:

24 full-time, 6 part-time

Years established:

Since 1999

Other information

Support & training:

Owner offers both training & support to aid in a smooth transition to a new owner

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner financing is available. Owner offers financing with $400,000 down payment. Serious inquires with $400,000 down payment only please!

Furniture / Fixtures value:

$127,000 (included in the asking price)

Inventory / Stock value:

$8,000 (included in the asking price)

Business closed / Asset sale:

Yes