This two-year-old 47-bed Elder Care Facility was developed by a Company that has over ten years of experience in providing in-home nursing and hospice care.\u00a0 The facility sits on a beautiful 40-acre property, and\u00a0currently, has two buildings of 7,000 sq. ft. each for providing Elder Care.\u00a0However, the owners have recognized the great potential that this property has if they expand into related services and bring Hospice care, Memory care, and Rehab facility on this campus.<\/p>\n
The expansion will add three more buildings with additional 52,000 sq ft. of space so that the total space will be 66,000 sq ft and total patients and residents \/ patient population will jump to 145 patients. All of the approvals and preliminary drawings and plans are in place.<\/p>\n
Currently, Company sends a significant portion of its resident population to outside Hospice and Rehab Care facilities and has done a thorough market study that demonstrates a need for this expansion in the area.\u00a0The Company accepts all of the major insurance plans.<\/p>\n
To make this vision a reality, the owners are looking to get a strategic partner who has the resources to carry out this vision. They are willing to sell a majority stake or all of the company.\u00a0This presents a great opportunity for the buyer\/partner, where a lot of the preliminary work has already been done and the expansion work can be started very soon.<\/p>\n
The Company also has a sister division that provides skilled nursing services in patient homes and often brings in the clients from home services into the Elder Care \/ Assisted Living Facility. So this division can also be rolled into this offering. The Revenues of the sister division are about $1.2 million and the financials are combined for both.<\/p>\n
<\/p>\n
\u2013\u00a02016 Revenue (projected from 11 months):<\/strong>\u00a0US $2.1 million; EBITDA:\u00a0<\/strong>US $130K<\/p>\n Note on Projections \u2013 projections below are based on completion of expansion plans \u2013 phase I and phase iI), and the full projections will be realized once the expansion is completed, which will be dependent on when the deal is completed).<\/p>\n \u2013\u00a02017 Projections:\u00a0Revenue:<\/strong>\u00a0US$ 5.5 million;\u00a0Net Profit:\u00a0<\/strong>\u00a0US$\u00a03 million<\/p>\n \u2013\u00a02018 Projection:<\/strong>\u00a0Revenue:<\/strong>\u00a0US$ 15.7 million;\u00a0Net Profit:<\/strong>\u00a0US$ 6.3 million<\/p>\n \u2013 2019 (projected 1 year after full expansion):<\/strong>\u00a0US$ 16.2 million;\u00a0Net Profit:\u00a0<\/strong>US$12.6\u00a0 million<\/p>\n \u2013\u00a0Appraised Price of the Business and Property (assisted living facility only:<\/strong>\u00a0US$4.76 million\u00a0(US$2.24 million for the business and US$2.52 million for the real estate)<\/p>\n \u2013\u00a0Estimated Cost of Expansion:<\/strong>\u00a0US$12 million (the buyer should be able to provide this).<\/p>\n (Note: The projection assumes that the construction of expansion starting in early 2017. The company runs another division which provides nursing care for patients at home with a revenue of about $1.2 \u00a0million and is synergistic with the assisted living business and can be also acquired. The price for that business is not factored into the above price)<\/p>\n","protected":false},"excerpt":{"rendered":" Elder Care Facility. 40-bed facility. Each unit has a separate bath. Rooms are complete with furnishings. The facility has a full commercial kitchen, dining room, family lounge, and visitation area. Functioning elevator and common laundry facilities.<\/p>\n","protected":false},"featured_media":743,"parent":0,"menu_order":0,"template":"","meta":[],"_links":{"self":[{"href":"https:\/\/work.creativamotions.com\/assisted2022\/wp-json\/wp\/v2\/current-listings\/495"}],"collection":[{"href":"https:\/\/work.creativamotions.com\/assisted2022\/wp-json\/wp\/v2\/current-listings"}],"about":[{"href":"https:\/\/work.creativamotions.com\/assisted2022\/wp-json\/wp\/v2\/types\/current-listings"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/work.creativamotions.com\/assisted2022\/wp-json\/wp\/v2\/media\/743"}],"wp:attachment":[{"href":"https:\/\/work.creativamotions.com\/assisted2022\/wp-json\/wp\/v2\/media?parent=495"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}