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Medical Assisted Living Business for sale in Hillsborough

Contact Information Inquire Here General Location: Hillsborough ID#: b893000003
Financial Information Asking Price: $1,850,000 Gross Annual Revenue: $460,059 Adjusted Annual Earnings: $128,160
Additional Information General Category: Nursing Homes / ALF Specific Buisness Type: Medical Assisted Living Business Summary Profile:

22 BED ASSISTED LIVING FACILITY. This is NOT a converted residential home, but a custom built facility with fire system, backup generator and coded building access both incoming and outgoing. It has 11 semi-private rooms. There are 9 total bathrooms with 5 Jack & Jills with showers for 10 rooms, 2 individual room bathrooms that could be used as private rooms instead of semi-private and 2 Public Restrooms. Building has elevator and stairs for second floor access. There are 5 offices/reception. It has a full commercial kitchen with gas stove, hood, stainless counters and triple sink. The business is not running at full capacity, currently occupancy is 14 as owners are not pushing to add additional occupants as they are ready to retire. Business has great potential as gross income was over $1 million several years ago when they were operating at full capacity. Facility is operated very efficiently and is very clean. Other add back in cash flow ($54,000) is rent owners paid to themselves.

Contact Tom Jones at 754-244-3111 and refer to b893000003