Elder Care - 16 Bed - Great Cash Flow - Accepting all Offers below Ask

Pacifica, CA (San Mateo County)

Elder Care - 16 Bed - Great Cash Flow - Accepting all Offers below Ask
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Asking Price: $2,300,000

Cash Flow: $300,000

Gross Revenue: $840,000



Inventory: N/A

Real Estate: $1,500,000*

Established: 2000

*not included in asking price.

Elder Care - 16 Bed - Great Cash Flow - Accepting all Offers below Ask

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Business Description

Investment Details:

Great Location: Affordable yet very attractive location. It is near major cities, SFO Airport, Silicon Valley, and the Ocean.

Facility: 2 Level, 2,400 sq Ft. home
16 Beds, comprised of 11 total bedrooms (6 Private / 5 two person shared) = 16 total tenants
Currently full occupancy, with a waiting list to get in.
Kitchen, plus two common area rooms on ground floor
Sprinkler system throughout, connected thru the Alarm company to local Fire Department.
New upgraded smoke detectors being installed throughout
Recently updated Conditional Use Permit with city
State licensed for 12 Non-Ambulatory and 4 Ambulatory.
Family run business with very low labor costs.
The Numbers:

Gross Sales: (2018 Projected - $850,000
Gross Expenses & Labor: $240,000
Owner Salary: $150,000
Rent Paid to Owner / Landlord: $280,000
Net Income: $180,000
Add Back==========
Owner Salary $150,000
Rent Paid to Owner $280,000
Net Total Free Cash Flow $610,000

Detailed Information

Real Estate:
Not included in asking price
Building SF:
A two level converted home with all ADA requirements. A total of 16 Beds all private pay. Great reputation in the community as this facility is run as an extention of each resident's home where family actively participate in the care of their loved one. Regular paid and unpaid referrals from Agents and social workers keep the facility fully occupied. Elder Care home costs keep rising each year. Buy now and see the revenues grow over the next 5-10 years.
No one competes with the personalized service provided. Seller will fully train Buyer to keep the good reputation going.
Growth & Expansion:
Growth in the form of yearly increased revenue and people will pay. Very minimal Labor required to run this facility. All day care is contracted out to licensed providers. Owner keeps their liability to a minimum.
Make an offer!
Support & Training:
Seller will fully train and support.
Reason for Selling:
Over 20 Years is enough. Time to enjoy the wealth built up over those years.
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Contact the Seller

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William Massarweh

Business Listed By:
William Massarweh

TCP Realty

Show Phone Number

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