Adult Day Care Facility

Bergen County, NJ

Adult Day Care Facility
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Adult Day Care Facility

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Asset Sale Description

Unusual business opportunity available, for lease, with all required municipal approvals. This modern nine thousand (9,000) square foot professional facility is presently closed and designed for adult day care services. This can be a medical adult day care business transaction which will include, the required valuable, municipal certificate of occupancy with the capacity for approximately seventy-five adult residents. The facility is in a highly affluent and populated city of Northern Bergen County, New Jersey and conveniently located near to all the required amenities for quality service. The operator would require HMO approvals to develop the required business relationships and to conduct operations. The senior care services industry will experience significant growth over the next 10 years. In 2018, the market for in-home care is projected to reach approximately $25 billion, exhibiting a decade-long average compound annual growth rate of 10% and this industry is in its infancy. In today's business environment, how many industries can you identify that can feasibly project this growth rate? Thousands of individuals have been able to remain at home with their families and attend the Adult Day Center instead of being institutionalized. Today, there are 40 million adults age 65+ in the U.S. What's more, this population is expected to nearly double to 70 million over the next 30 years. With an increasing average life expectancy for Americans reaching well over 75 years of age, the need for senior care will continue to escalate. Each year, many frail and disabled elderly are institutionalized prematurely or unnecessarily due to the lack of affordable quality care in our communities. The center can offer an exciting activity day for seniors requiring daytime adult non-medical supervision. The center can also provide the opportunity for the frail elderly to live out their lives with dignity and independence with a modern state of the art facility for their daily needs. This transaction will represent a lease agreement with the landlord and the cost to the new operator should be limited to legal cost, rent security, interior equipment, furniture and licensing fees, web site, etc. Estimated closing cost and working capital can be a minimum of $100,000. This lease transaction is also subject to a qualified operator with appropriate financial qualifications. This is a dependable business opportunity.

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Detailed Information

Location:
Bergen County, NJ
Facilities:
This modern 9,000 square foot facility will consist of a fully equipped center with an estimated capacity for seventy-five adults. The facility is located on an active county road which will be convenient to all the clients they serve. This business is in Northern New Jersey, Bergen County, which consists of various affluent highly populated communities with continued demand for this industry.
Reason for Selling:
The sale is due to the Corporate landlord not involved in this industry.
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Ron Cervelli

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Regal Consulting Corp.

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