Skilled Nursing And Long Term Care
Location:
United States
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Illinois
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Cook County
Industry: Health and Medical > Long-Term Care Facilities
Business Summary
Skilled Nursing home business for sale for $1.1 million. This has license for 51 beds, 15 beds are licensed for Medicare A. All beds are licensed by IDPH.Any one can obtain a license to run the business, no specific qualifications are required. This is business only sale. The rent is $ 10,000 per month at this time fixed for 2 years and the annual raise of rent by 3% after two years (an average inflation). You will have to maintain the building. Owner will pay the taxes. The capital improvement will raise your daily rate from State of Illinois. you have option to buy the real estate at another $ 1.1 million at anytime up to two years and at 5% increase in price there after. A mutual contract will be drawn after the due diligence.
This is a very good deal for anyone who wants to own a Nursing home. You will have to sign a non disclosure agreement and pay $50 for credit check fee. This opportunity will not last long. As the elderly population is increasing the demand for Nursing home care is high. It is very difficult to start a new nursing home because of CON certificate of need requirement. Please do not call or contact if you are not the principal, no brokers please. Email or call Kash at 708-296-2209.
Financials
Asking Price Range: $1.0M - $2.5M
Gross Revenues:
$1,927,769
Cash Flow:
$196,003
Cash Flow Type: Sellers Discretionary Cash
Inventory: Approximately $200000.
Seller Financing: No
About The Business
Year Established: 1964
Number of Employees: 35 - 49
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Provide help with smooth transitioning upto 2 months.
Reason For Selling: Other interest.
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Click on the "I'm Interested" button above for more information on this Health and Medical > Long-Term Care Facilities business for sale.
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Print Listing Id: 70096148
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