Central, MA Business - Assisted Living - George & Company

SOLD - Assisted Care Living Management & Staff in Place #15537

Some Seller Financing Available

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 Included in Asking Price

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 a 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 an SBA 7A & 504 financing program.

Detailed Information

Inventory: Included in asking price

Real Estate: Owned / Included in asking price

Building SF: 16,710

Employees: FT=1 PT=20

Furniture, Fixtures, & Equipment (FF&E): Included in asking price

Facilities: 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.

Competition: 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.

Financing: To be discussed

Reason for Selling: Retirement

Contact: Chip Emerson

Contact Phone: 508-753-1400  

Contact Email: info@georgeandco.com  

Looking for More Information?

Before we can give you any further information, you must fill out, sign, and mail our Confidentiality Agreement (to get full access this form, as well as the ability to Submit electronically, please click the DOWNLOAD button in the upper right and save it to your computer. 

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If you are having trouble viewing or completing the Confidentiality Agreement in the link above, please complete and submit this online form and someone will contact you to assist.