Listing ID: 76804
Business Overview
Profitable Residential Care Facilities with three locations for the Elderly 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. For sale are three residential care facilities for the elderly operated by two separate entities. This listing includes the combined business entities and the real estate of each facility/home. The asking price is $750,000 for all three businesses. The three residences (real estate) is being sold separately for a total of $3.4M. The three businesses and the three residential homes must be purchased concurrently. The facilities are located in a prime area of San Diego County and are well-resourced with three of San Diego’s largest hospitals. The community also has a shopping center, a community park, and a library, essentials that bring charm and effortlessness, to the scenic San Diego neighborhood. Each location features six beds, a main living room for socializing, a private dining room for entertaining, beautiful landscaping, and a lush garden environment. In these small home settings, intimacy and customized care replaces the industrial feel of larger, corporate facilities. Their mission is to present seniors and their families with the comfort of quality living and care for private pay individuals.
Only serious buyers with industry experience should inquire due to SBA loan requirements. Buyer must have industry experience, at least 15% down plus additional working capital, good credit and a strong financial statement.
Please note this is a confidential matter and no additional information will be provided until a Confidentiality Agreement and background information has been submitted. Please hit the reply button or the Contact Seller button or email CJ Johnston at CJ@mabusinessadvisors.com or call (619) 300 – 8000 to receive a confidentiality agreement and to learn more about this opportunity.
Financial
- Asking Price: $750,000
- Cash Flow: $314,925
- Gross Revenue: $1,159,948
- EBITDA: N/A
- FF&E: N/A
- Inventory: $20,000
- Inventory Included: Yes
- Established: 2004
Detailed Information
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:18
- Furniture, Fixtures and Equipment:N/A
Three Residential Homes
Seller will provide training at no cost to buyer
Focus on other business.
There are local assisted living communities offering the same services.
Can charge premium for hospice care, amenities, special dietary needs, and continence care.
Additional Info
The venture was started in 2004, making the business 18 years old.
The transaction does include inventory valued at $20,000, which is included in the suggested price.
The business has 18 employees and is situated in a building with disclosed square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. However, the genuine reason and the one they tell you might be 2 completely different things. For instance, they may state "I have too many other commitments" or "I am retiring". For lots of sellers, these factors stand. However, for some, these may just be excuses to attempt to hide the reality of altering demographics, increased competitors, current decrease in earnings, or an array of various other factors. This is why it is extremely essential that you not count entirely on a vendor's word, yet rather, make use of the vendor's response together with your total due diligence. This will repaint an extra sensible image of the business's current circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Many businesses take out loans with the purpose of covering things such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that occasionally this can imply that revenue margins are too thin. Many organisations fall under a revolving door of taking on debt as a way to pay back other loans. Along with debts, there may likewise be future obligations to take into consideration. There might be an outstanding lease on tools or the structure where the business resides. The business might have existing agreements with vendors that have to be satisfied or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the location bring in brand-new clients? Often times, operating businesses have repeat customers, which develop the core of their everyday profits. Certain elements such as brand-new competition sprouting up around the area, road building and construction, and also staff turn over can influence repeat consumers and negatively affect future profits. One important thing to take into consideration is the location of the business. Is it in a very trafficked shopping mall, or is it concealed from the main road? Obviously, the more people that see the business often, the higher the chance to build a returning consumer base. A final idea is the general area demographics. Is the business located in a largely inhabited city, or is it located on the edge of town? Just how might the local median house earnings impact future income potential?
