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

Pacifica, CA (San Mateo County)

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

Cash Flow: $350,000

Gross Revenue: $800,000

EBITDA: N/A

FF&E: N/A

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

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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.
Full ADA approval.
Family run business with very low labor costs.
The Numbers:

Gross Sales: 2018 - $800,000
Gross Sales: 2017 - $688,000
Gross Sales: 2016 - $596,000

Each year gross revenues go up, while fixed costs and labor costs remain low. Leading to high profitability. Buy this place now and reap the profits for the next 20 years as revenues continue to climb higher and higher. Great opportunity for family run operation, or absentee with one main dependable person as the manager.

Detailed Information

Real Estate:
Owned
Not included in asking price
Building SF:
2,400
Employees:
5
Facilities:
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 10-20 years.
Competition:
No other facility can compete with the personalized service provided here. 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 whatever it takes to have someone else take care of their loved ones. Very minimal Labor required to run this facility. All outside day care is contracted out to fully licensed providers. Owner keeps their liability to a minimum.
Financing:
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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William Massarweh

Business Listed By:
William Massarweh

TCP Realty

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