Home Health Care - Assisted Living - Nursing Business multi Locations
Asking Price: | $875,000 |
Gross Revenue: | $2,572,000 |
FF&E: | $50,000 |
Cash Flow: | $276,902 |
EBITDA: | $276,902 |
Established Year: | 2002 |
This is a professional full-service Elder care management and consulting business with an incredible, large client base and and impressive average client retention time of 7-8 years. THIS BUSINESS CAN BE RUN ABSENTEE. Current owner has backed off a lot lately as they explore their retirement options. They have very smartly set up systems and processes that allow for the day-to-day operations to be FULLY MANAGED by 2 full-time Care Managers as well a head nurse at the day center.
Can be run absentee.
This business sale is for a comprehensive package of 3 beautifully integrated businesses (each operating and owned under 3 separate entities). This business sale is for all 3 together. Services currently include in-home and nursing home care, senior day care, transportation, consulting, aids, homemakers, companion services, live in nursing and much more. This company also provides clients with long term care insurance help.
Started in 2002, this business has become one of the premier family-run operations in the Northeast / New England region. The business comes staffed with full time nurses and secretaries.
Multiple revenue streams including private, state and veterans funding and payment from grants.
There is also a ton of immediate expansion opportunities for a new owner. For example, in one of the facilities the second floor is being used for storage and can be expanded into another full-fledged day center. The owner is at retirement age and not looking to make the major expansion pushes but understands that a new owner will want to do this so they would be open to sharing ideas and transitional support in order to help take the business to the next level.
According to current market trends, elder care facilities, particularly assisted living and memory care, are considered a good investment option in 2023 and 2024 due to a growing senior population, positive occupancy rates, and consistent demand for senior housing across different levels of care, with many experts predicting continued growth in the coming years; however, careful consideration of location, facility quality, and operational management is crucial for success.
Many investors are actively looking to increase their exposure to the senior housing sector, with assisted living being a top choice.
Despite economic fluctuations, the senior housing market has shown resilience and consistent demand.
Factors to consider when investing in elder care facilities:
Location:
Choosing a location with a large senior population and suitable demographics is vital. The businesses operates out of multiple properties and locations. The seller WILL consider selling at least 1 or 2 (or possibly ALL) of the properties as well for fair market values. These properties are NOT currently included in the asking price. Inquire for all details on properties.
Facility quality:
High-quality amenities, modern design, and well-trained staff can attract residents and command higher rates.
Care level mix:
Understanding the demand for different care levels (independent living, assisted living, memory care) in the area is crucial.
Operational management:
Efficient management practices are key to maximizing profitability and maintaining occupancy rates.
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