Assisted Living 10 Bed Home With Real Estate
www.GlobalBX.com
Listing ID:
700226995
Listing Title:
Assisted Living 10 Bed Home With Real Estate
Quick Link:
http://www.globalbx.com/listing.asp?bId=226995
Industry:
Health and Medical
Industry Segment:
Long-Term Care Facilities
Country:
United States
State / Province:
Arizona
Area
City:
Tucson
Asking Price Range:
$1.0M - $2.5M
Gross Revenues:
$370,085
Cash Flow:
$172,939
Cash Flow Type:
EBITDA
Year Established:
2009
Number of Employees:
6 - 9
Business Description:
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.
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