Residential Care Home plus RE

Union City, CA (Alameda County)

Seller Financing Available
Living Room

Asking Price:$235,000

Cash Flow:$129,951

Gross Revenue:$229,206

EBITDA:N/A

FF&E:$35,000

Inventory:$2,500

Real Estate:N/A

Established:2008

Residential Care Home plus RE

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Business Description

Bay Area Care Home plus Real Estate

Residential Care Home with Available Real Estate BTI 8375

This is a 1,888 sq. ft. 4 bedroom 2 bath Adult Residential Facility (ARF) providing care for adults age 18-59, who are unable to provide for their own daily needs. The seller works here part time in conjunction with a part time licensed administrator for the facility. The business is licensed for a maximum of 6 adults under the CA Dept of Social Services (CDSS) http://www.dss.cahwnet.gov/cdssweb/PG66.htm The seller operates a six bed facility for disabled clients with the majority of income provided for the clients by the Regional Center of the East Bay at a rate of $3,757 per resident per month prior to July 2016 after July 2016 the rate increased to $4,059. The RCEB was established in 1976 as a private, non-profit corporation under contract with the California Department of Developmental Services. The RCEB works in partnership with many individuals and other agencies to plan and coordinate services and support for people with developmental disabilities. The seller will entertain offers for the real estate at this location but a price for the real estate has not been determined as yet. The seller will offer a five year lease to a qualified buyer and thought he may charge apx. $3,500 per month depending on the price he receives for the business. He will also offer to a qualified buyer $115,000 in seller financing for 30 mos @ 6% with $120,000 down payment.
Business Type: Care Home Business Category: Health and Medical
Sales: $229,206 Adj. Cash Flow: $129,951 12 mos ending Dec 2015 from Fed Taxes Purchase Price: $235,000 Down Payment: $120,000 Owner Finance: $115,000 @ 6% for 30 Mos Inventory: $2,500 (Included) Real Estate Avail: Yes Incl: No Price: 0
Assets Not Included: One Personal Computer

Farley Gouner CA BRE 01271117 farley@business-team.com 408-385-0402

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Building SF:
N/A
Employees:
3 FT 1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Residential Care Home with Available Real Estate BTI 8375 This is a 1,888 sq. ft. 4 bedroom 2 bath Adult Residential Facility (ARF) providing care for adults age 18-59, who are unable to provide for their own daily needs. Farley Gouner CA BRE 01271117 farley@business-team.com 408-385-0402 (Home Based)
Financing:
115,000 for 30 months @ 6.0%
Support & Training:
2 weeks for 40 hours per week
Reason for Selling:
Concentrate on second care home and full time outside job
Home-Based:
This business is Home-Based

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Farley Gouner

Business Listed By:
Farley Gouner

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