Assisted Livg16 patients now- licensed for32
Round Rock, TX
| Asking Price: | $675,000 |
| Gross Revenue: | $750,000 |
| FF&E: | $95,000 |
| Cash Flow: | $225,000 |
| EBITDA: | $225,000 |
| Established Year: | 2010 |
Listing ID: 1961225Listing provided by BizBuySell
BUSINESS DESCRIPTION
Well established business that needs to be moved due to HOA bylaws in present location. Shows cashflow of $225,000 yearly in present location. Licensed for 32 patients and should cashflow $400,000. Needs new location for expansion to accommodate 32 patients and earn higher returns on investment.
DETAILED INFORMATION
Location
Relocatable
Inventory
Included in asking price
Employees
5
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Presently the business is run from two nice homes to accommodate sixteen patients. Both homes are well kept and appealing. All of the furniture, fixtures and equipment are part of the purchase price but the real estate does not transfer. The present owner wishes to keep the real estate for future use. New owners will have six to ten months to find a new location to accommodate the present sixteen patients and make ready for transfer.
Competition
The business has a waiting list at this time due to the location and referral network that is in place. Assisted Living is a lucrative business at this moment in Texas due to the many baby boomers that are retiring and choosing this type of lifestyle in their later years. The present location has to be vacated within four to six months after the sale due to the HOA rules of non business operations in the neighborhood but the owner will help with all necessary transition details needed for the move to the new location provided by the new owner.
Growth & Expansion
The existing Business location needs to be moved due to the by-laws in the present HOA association. The business has two separate licenses that will enable a new owner to accommodate 16 beds for each license for a total of a thirty two bed facility which will enable the investors to recoup their investments in a reasonable amount of time. We are also capable of locating the properties that can be developed to expand this present operation and utilize the licensing of another sixteen beds for maximum profits to the new owners.
Support & Training
Owner will help with the transition to a new location for all of the current tenants as needed. Owner is a nurse and can help with all of the necessary items to make this a smooth transition for all involved. The business has an excellent reputation and can be expanded to other areas in the nearby counties and cities of Texas for a higher return in revenue.
Reason for Selling
Retirement
Home-Based
This business is Home-Based
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