Residential Substance Abuse, Detox Center

NJ

Residential Substance Abuse, Detox Center
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Asking Price: N/A

Established: 1994

Residential Substance Abuse, Detox Center

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Asset Sale Description

Unusual business opportunity for this licensed Residential Substance abuse, detox and counseling center approved with the New Jersey Department of Community Affairs and required municipal zoning. This transaction will include all of the required state and municipal licenses to conduct business. The center is presently closed and requires the basis setup & redecorating prior to operating. This facility which has a capacity for approximately ninety (90) residents beds, consists of 66,000 square foot, three floors and is located on a beautiful rural wooded fifty-acre country setting. The facility has breathtaking tranquil views overlooking central and northern New Jersey. This opportunity is quite unusual and is projected to supply a substantial return on investment and many years of profit to the owner operator. This closed facility consists of a fully operational residential state licensed substance abuse, detox & counseling center. The facility consists of a three floor, 66,000 square feet, 90 rooms in an elevator building. The center has upgraded central heating and air conditioning, dozens of toilet facilities and sufficient private parking. The facility has additional space for staff offices, counseling and meetings areas. The center is located in a beautiful rural area of Northern New Jersey conveniently near various local and state highways. The sale will include a fifteen-year commercial lease with a gross yearly rent based on $7.83 per square foot, plus (3) five-year options, and 3% CPI every 3 years. A two-month rent grace period will be supplied in order to assume the cost for renovations. The landlord is responsible for outside communal area maintenance. Two Month Security deposit, Tenant is responsible for this portion of property taxes and all utilities. This transaction will include all the necessary state and municipal licenses required to conduct a residential detox and substance abuse center. The sale will also include the required certificate of occupancy from the particular municipality. This business opportunity is presently not in use, however the demand for substance abuse services are quite substantial, with the require remolding to the facility, appropriate staffing and marketing a substantial income will be possible. The business has been valued at key funds based the value of the various licenses and certificate of occupancy, which will result in a substantial and consist return on investment to the owner operator. This business transaction is absolutely confidential; all viewings are by appointment only and photo may not represent this particular business opportunity.

Detailed Information

Facilities:
This closed facility consists of a fully operational residential state licensed substance abuse, detox & counseling center. The facility consists of a three floor, 66,000 square feet, 90 rooms in an elevator building. The center has upgraded central heating and air conditioning, dozens of toilet facilities and sufficient private parking. The facility has additional space for staff offices, counseling and meetings areas. The center is located in a beautiful rural area of Northern New Jersey conveniently near various local and state highways. For Qualifications purposes, this business opportunity, industry requires state government licensing approval in addition to any municipal licenses which is included in this transaction. The business fixed assets have an estimated value of approximately $150,000 which is based on the estimated replacement cost of the various licensing, tangible & intangible, in addition to the multiple of the projected net yearly income. The sale consists of the corporate entity, various state licenses and available Medicaid approval.
Support & Training:
Not Applicable
Reason for Selling:
Government owned property to be leased.
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(from currently available funds)
 
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Ron Cervelli

Asset Sale Listed By:
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Regal Consulting Corp.

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