UNDER AGREEMENT Assisted Care with Management & Staff In Place

Worcester County, MA

Seller Financing Available
UNDER AGREEMENT Assisted Care  with Management  & Staff In Place
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Asking Price: $4,000,000

Cash Flow: $624,000

Gross Revenue: $1,180,000


FF&E: $750,000

Inventory: $20,000

Real Estate: $1,400,000

Established: N/A

UNDER AGREEMENT Assisted Care with Management & Staff In Place

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Business Description

Long Term Residential Care Home located in Central MA provides residents with a bed & breakfast like setting & atmosphere. Residents are supported 24-7 by medical management, direct care / daily living activities, and many other forms of day to day quality care administered and supervised by an in place highly skilled and trained staff.
The facility is always at capacity and has a waiting list! Revenues are in excess of $1M, and earnings are well above industry standards.
The business and property are being offered at a very attractive price of $4,000,000 and should have no problem complying with a SBA 7A & 504 financing program.

Attached Documents

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building SF:
FT=1 PT=20
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
The property consists of an approximately 16,710 total square feet, three story colonial style building that sits on approximately 0.73 acres. The property underwent a $983,000 6,400 sq. ft. expansion and renovation in 2012 which added 12 additional beds for a total of 34 beds. The project was considered necessary as constant requests for occupancy and other upgrades to the existing building made economic sense.
There are a few other Level IV Rest Homes within a 20 sq. mile radius. This business maintains full capacity and a long waiting list.
Growth & Expansion:
The growth potential includes modest annual increases in the private pay daily rate. Current % of PP is 65%. Expansion may exist by the purchase of properties on either side of this business.
To be discussed
Reason for Selling:
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Christopher George, CBOA

Business Listed By:
Christopher R. George

George & Company/CentralBrokers

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