Elder Care - 16 Bed - Great Cash Flow

Pacifica, CA (San Mateo County)

Elder Care - 16 Bed - Great Cash Flow
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Asking Price: $4,500,000

Cash Flow: $600,000

Gross Revenue: $850,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $2,500,000

Established: N/A

Elder Care - 16 Bed - Great Cash Flow

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Business Description

Why Am I Selling This Successful Elder Care Facility?
I purchased the property and the business in 2000. Over the past 18 years I have worked hard to grow the business to what it is today; a money maker. So why sell now?
After two decades of very hard work I am ready to retire. I have learned in my life that it is better to sell too early than to wait one day too long. Thankfully, I have been able to save for my retirement and it is time to enjoy life and travel. I will help a future buyer in any way I can.
Investment Details:
Strong lease: The land and building are part of the sale of the business. Create your own lease and pay yourself as the landlord. You get strong income and great Cap Rate, and with depreciation against that income, it creates a nice cash flow while mitigating income taxes. What’s not to like about that?
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: $850,000 Projected for 2018
Gross Expenses & Labor: $240,000
Gross Profit: $610,000
Net Income: 180,000
Owner Salary: 150,000
Rent Paid to Owner / Landlord: 280,000
_______________________
Net Free Cash Flow: $610,000
Yearly Net Income Per Bed: $38,125

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
2,400
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Contact the Seller

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William Massarweh

Business Listed By:
William Massarweh

TCP Realty

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