Assisted Living Facility for sale in Volusia
This opportunity includes the sale of both business and real estate. The subject property consists of an assemblage of three contiguous parcels totaling approximately 1.44 +/- acres of land improved with a fully licensed assisted living facility zoned for 34 beds. The facility is currently licensed for 28 beds but the property could be developed to 70 beds. The buildings were constructed between 1977-1986 and contain approximately 9,900 +/- sq. ft. gross building area. The primary building is 8,700 +/- sq. ft. freestanding ALF outfitted with a full fire suppression system, full commercial kitchen, and full commercial laundry. The second structure is a freestanding 1,200 +/- building currently used as an office. There have been moderate improvements over the years and are in average condition for the neighborhood.
Included with this sale are the sale of the existing business and all of its assets. Assets to be included in the sale are the following: All kitchen equipment, kitchen inventory appropriating $1,000, all medical equipment, all medical beds, furniture, equipment, and a bus. FF&E value is approximately $200,000. The business currently takes residents ranging for self-pay, insurance, and APD. The average monthly rate is between $4650-$2790/month. The seller is willing to entertain some seller financing.
With droves of retirees relocating to Central Florida every year, Daytona Beach has been named the 7th greatest place to retire in the county. Combined with the “Silver Tumaini” of retiring baby boomers headed to Florida the ALF industry maintains a hedge against recession and economic turndown. Don’t miss out on this opportunity.
Contact Tom Jones for further details 754-224-3111
Refer to 478-19093 when inquiring