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Assisted Living 10 Bed Home With Real Estate
Location: United States -> Arizona -> Tucson
Industry: Health and Medical > Long-Term Care Facilities




Business Summary

Hallmark Business Consultants is proud to represent this 5 year old assisted living home that is licensed for 10 residents. It is located in an area that caters to some of Tucson, Arizona's more affluent residents. The home is 4,656 square feet on 1.48 acres. There are a total of 13 rooms. Pride of ownership is readily apparent. The home is in excellent condition. This is probably one of the most attractive assisted living homes in the greater Tucson area. All of the residents are private pay. The care provided is absolutely outstanding. One of the existing employees is being groomed to be the manager of this assisted living home.

The 10 residents' needs are cared for by 5 full time and 1 part time (32 hours) caregivers. Because of the pleasant working environment, there has been minimal employee attrition. Each of the 5 years under the current owner shows very steadily increasing revenues and earnings before interest, taxes, depreciation, and amortization (EBITDA). In 2013, revenue increased by 9% and adjusted EBITDA increased by 17% due to higher occupancy rates and improved operational efficiencies. The owner was able to purchase the land on which he subsequently built this spectacular home 5 years ago. The bank financing was by way of an SBA loan. The listing agent has been able to get the business and property pre-qualified for new very attractive SBA financing based upon the significant amount of the seller's pre-tax net profit and adjustments.

You must see this home to appreciate it as one of Tucson most attractive properties. Included is an additional 1.48 acre parcel that could accommodate another 10 bed assisted living home. Everything is offered for $1,250,000.

Seller's agent is Robert Lenhard who may be reached at 520-577-5151.


Financials

Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $370,085
Cash Flow:   $172,939
Cash Flow Type:  EBITDA
Inventory:  $925,000
Seller Financing:  Yes

About The Business

Year Established:  2009
Number of Employees:  6 - 9
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Seller will provide all required support.
Reason For Selling:  An investment built to be sold.




Print Listing Id: 700226995
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Related Searches: Chiropractic Practices  >  Dental Practices  >  Health Clubs and Spas  >  Long-Term Care Facilities  >  Medical and Dental Labs  >  Medical Clinics  >  Medical Devices  >  Medical Practices  >  Optometry  >  Pharmacy  >  Other Health and Medical  > 

Also See: Franchise Opportunities > Franchise Resales > Arizona Businesses For Sale > Arizona Franchises For Sale > Arizona Business Brokers



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