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Elder Care Facility-Outstanding!

Hunterdon County, NJ

Seller Financing Available
Elder Care Facility-Outstanding!
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Asking Price: $1,500,000

Cash Flow: $125,000

Gross Revenue: $535,000

EBITDA: $125,000

FF&E: $45,000

Inventory: $100

Real Estate: $1,100,000

Established: 1973

Elder Care Facility-Outstanding!

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Business Description

Health Care Facility-Great Deal!

Beautiful elder health care facility in a spectacular setting.
Facility has 32 beds and is newly updated with floor treatments, decking and remodeled throughout. Located in Hunterdon County this facility has a long history of cleanliness and quality care. It also has lots of acreage and can be expended to include other wings for patients with different levels of care and treatment.
Valuation is low on a per bed metric!
10,000 people a day turn 65 in the USA and NJ w it's density of population and high per capita incomes is particularly well suited for assisted living facilities.
*(Don't inquire unless you have 250 K cash proof of funds minimum! This is a bargain price for a facility within 90 minutes of Manhattan!)

Detailed Information

Location:
Hunterdon County, NJ
Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
8,900
Employees:
6 F/T,4 P/T
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
8900 square foot facility and seven rolling acres in a picturesque setting. Fully licensed and operational with full staff in place.Newly remodeled and totally up to code and state regulations.
Competition:
Limited. Barrier to entry is very high in this business. Very difficult to get licensed and set up facilities today.Highly regulated.Best opportunity is to acquire this quality operation. some facilities are bringing $100,000 per bed to $150,000 per bed as a sale price, this one is a steal at less than $50,000 per bed!
Growth & Expansion:
Huge! Expand marketing and run full w residents,margins keep climbing under those circumstances . Costs are fixed for the most part, so running the facility with a full census brings additional revenue straight to the bottom line! add wing for Dementia or Alzheimers.
Financing:
up to 100 K,for qualified buyer
Support & Training:
4 weeks, terms to be negotiated.
Reason for Selling:
Develop other systems
Business Website:
http://www.tristatebusinessauthority.com
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(from currently available funds)
 
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Carl Pallini

Business Listed By:
Carl Pallini

Tri State Business Authority

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