30+ Bed Assisted Living

Denver, CO (Adams County)

30+ Beds Assisted Living Residences
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Asking Price: Get Financing: $4,200,000

Cash Flow: $328,000

Gross Revenue: $964,000

EBITDA: $328,000

FF&E: $60,000

Inventory: N/A

Real Estate: $2,000,000

Established: 2012

30+ Bed Assisted Living

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Business Description

Tremendous upside with this 30+ bed assisted living residence that has been operating since 2012. Medicaid Rates are soon to be rising 25%, and an increase in private pay rates bring this opportunity from a 7.8 CAP to a 12.1 CAP. Typically 100% full, this operation is a scattered facility operation with efficiencies of scale. The homes are in excellent condition, and have layouts conducive to their purposes. These homes were built specifically for assisted living, instead of being converted. Each home is a ranch style with 4332 SF per home. Up to code with all fire and life safety requirements. Each of the 11 bedrooms per house has a private bathroom, perfect if you want to convert to high end private pay. 2 car attached garages could be converted to additional bedrooms if desired. This operation is ready to take over!

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Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
8,664
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
2 Homes Side by Side 11 Bedrooms per Home 12 Bathrooms per Home 4332 SF per Home 18961 Lot Size per Home Zoned Multi-Family 2 Car Attached Garages
Growth & Expansion:
> Upcoming medicaid increases will add significantly to the bottom line with no changes needed whatsoever. > Convert all bedrooms to Private Pay could increase revenues. > Convert garages to additional bedrooms
Reason for Selling:
Building a new and larger facility
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Business Listed By:
Vern Harris

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