31 (+/-) Bed Established ALF in Central West Florida

Pasco County, FL
listing image
Asking Price:$1,600,000
FF&E:$65,000
Established Year:2010
Cash Flow:$128,000
Real Estate:$220
BUSINESS DESCRIPTION

My ALF Conulsutant is proud to exclusively offer a 31 (+/-) bed assisted living near Pasco and Hillsborough County

This presents a unique opportunity to purchase a mid-sized facility with tremendous upside potential including as a stand-alone Memory Care Cottage. An experienced operator will recognize the potential in both the building and the location.

This facility has been in operation and under the same ownership for over a decade. The interior of the building offers a total of 7200 PLUS square feet, 17 PLUS Bedrooms, and 10 PLUS Bathrooms. There is a Front Living Room, Dining Room, Great Room, TV Room, Library, Beauty Salon, Pantry, and Staff Break room.

In addition, the building has a full sprinkler system, fire alarm, and automatic backup generator system. The exterior offers ample parking, a front porch, and a relaxing courtyard for residents to enjoy.

The property is located in a wonderful residential neighborhood surrounded by mature oak trees and just a few blocks from shops and restaurants.

Contact My ALF Consultant today to learn more about this exciting value-add opportunity and seize it!

An actual number of beds, property info, address, financials, proformas, photos, and other relevant information are to be disclosed after the NDA is signed.

Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, number of licensed beds, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use. Provided in this ad, is a 2022 SDE using add-backs, buyer to independently verify the SDE and add-back validity with their financials advisor/CPA.


DETAILED INFORMATION
Location
Pasco County, FL
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
7,300
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All fire safety systems including Alarms and Sprinkler Systems. In addition, there is an automatic Generac Generator to meet emergency power requirements. The fuel source is propane which is stored in tanks on the property. All furniture, fixtures, and equipment are also included.
Competition
This is in a very desirable location within the city.
Growth & Expansion
There is upside potential to convert to a high-end facility or memory care.
Support & Training
The owner will provide transition support the terms of which are negotiable.
Reason for Selling
Other Interests
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Sunny
Gandhi
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Sunny Gandhi