16% CAP RATE -Assisted Living Residence FOR SALE - Medicaid Certifie

Lakewood, CO (Jefferson County)

16% CAP RATE -Assisted Living Residence FOR SALE - Medicaid Certifie
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Asking Price: $1,475,000

Cash Flow: N/A

Gross Revenue: $630,514

EBITDA: $237,585

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2012

16% CAP RATE -Assisted Living Residence FOR SALE - Medicaid Certifie

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Business Description

This is an exciting offering of licensed assisted living facilities in Lakewood, CO. Featuring 20 total beds and medicaid certified. The business provides services to one at risk adult populations who are in need of protective oversight..The monthly base rate for room and board and assisted living services averages $2700.00 per resident.
Business highlights: Great all season business, stable history of profitability, trained staff are willing to stay on, low residential turnover and strong local demand.

The Projected Gross Revenue For 2019 is approximately $630,514.

***The Net Operating Income (EBITDA)of the offering is approximately $237,575 annually. The NOI/EBITDA assumes some vacancy with 12 months of rents at the new rent rate) and is before interest, taxes, depreciation or amortization and does not include debt service or rent.

Detailed Information

Location:
Lakewood, CO
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
7,510
Employees:
by request
Facilities:
Located in Jefferson County
Competition:
All of the hard assets of the business are included in the price. This is a completely furnished and functioning turnkey operation. FF & E list is supplied upon request by a qualified buyer.
Growth & Expansion:
This is an exciting offering of licensed assisted living facilities in Lakewood, CO. Featuring 20 total beds and medicaid certified. The business provides services to one or a number of the following populations who are in need of protective oversight...1) elderly, 2) people with disabilities, 3) people with mental illness. The monthly base rate for room and board and assisted living services averages $2700.00 per resident. Business highlights: Great all season business, stable history of profitability, trained staff are willing to stay on, low residential turnover and strong local demand.
Financing:
* gross revenue is projected for 2019 based on new medicaid rates that are in effect
Support & Training:
The seller will provide on an agreed number of weeks of training and orderly turnover to the new owner in training. Additional training/ consulting is available from the Seller, if required, for an additional fee.
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(from currently available funds)
 
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Sonja Wood

Business Listed By:
Sonja A. Wood

Legacy Group Advisors

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