Residential Care Home plus RE

Union City, CA (Alameda County)

Seller Financing Available
Residential Care Home plus RE

Asking Price:$235,000

Cash Flow:$129,951

Gross Revenue:$229,206

EBITDA:N/A

FF&E:$25,000

Inventory:$2,500

Real Estate:$750,000*

Established:2008

*not included in asking price.

Residential Care Home plus RE

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Business Description

Residential Care Home with Available Real Estate

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 at a C4 level of care with the majority of income provided by the Regional Center of the East Bay which was at a rate of $3,757 per resident per month until July 2016 when it 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 seller financing $115,000 to a qualified buyer 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: TBD
Assets Not Included: One Personal Computer

Please refer to Listing ID - BTI 8375 when contacting us. Thank you.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building Sq. Ft.:
1,888
Employees:
3 FT 1 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a 1,888 sq. ft. 4 bedroom 2 bath Adult Residential Facility (ARF) (Home Based)
Financing:
115,000 for 30 months @ 6%
Support & Training:
2 weeks for 40 hours per week
Reason for Selling:
Has full time job and a second care home
Home-Based:
This business is Home-Based

Listing Statistics for Premium Members

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Michael Floorman

Business Listed By:
Michael Floorman

BTI Group Inc.

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Memberships & Certifications:
Indicates membership in the International Business Brokers Association (IBBA). The IBBA is the only certifying organization for Business Brokers and Intermediaries who assists people in buying or selling a business. Indicates membership in the M&A Source. The M&A Source is comprised of highly trained Intermediaries who advise on the preparation, sale and/or purchase of middle market (~$2M+ in revenue) business opportunities. Indicates membership in The California Association of Business Brokers (CABB).

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