Profitable RCFE in Temecula including Real Estate!!!

Temecula, CA (Riverside County) (Relocatable)

Seller Financing Available
Profitable RCFE in Temecula including Real Estate!!!
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Asking Price: $650,000

Cash Flow: $85,000

Gross Revenue: $192,500

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Real Estate: $500,000

Established: 2006

Profitable RCFE in Temecula including Real Estate!!!

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Business Description

Nestled in a very desirable area adjacent to Temecula, surrounded by beautiful rolling hills and homes of well established upscale neighborhoods, Pacific Business Brokers are proud to present the Residential Care Facility for Elderly dedicated to providing a comfortable, caring, and supervised living arrangement in a family home setting. There is a continuous 24/7 quality care for both ambulatory and non ambulatory residents. The care staff is well trained. Large, over 2,700 sf, 1 level house, 4 bedrooms, some of the have private bathrooms. The license is for 6 residents and at the present moment the RCFE has 5 private pay [only] patients. An average patient pays between 3-4K per month. According to the Seller annual revenue from the RCFE is $198,400 [for 5 patients] and annual net income $85,700. At full capacity [6 patients], annual gross is around 240K and cash flow after all expenses 120-130K. Seller will train potential buyers and gladly introduce to patients referral agencies. Over last 5 years the RCFE was remodeled, tile/hardwood floors, etc, to make it a great place for happy residents. Potential buyers are required to have clean criminal record and provide proof of funds.

House is included in 650K asking price. Latest appraisal shows that the value of the house alone is 500-520K. Must have RCFE Administrator's license!

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
2,700
Employees:
3
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
House is included in sale (Home Based)
Support & Training:
Seller will train
Home-Based:
This business is Home-Based
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Contact the Seller

(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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