ASSISTED LIVING FACILITY - 32 BEDS - PROFITABLE
Location: South Carolina > Georgetown County
Industry: Health and Medical > Long-Term Care Facilities
Financials
Asking Price: $1,000,000
Gross Revenue: $372,316
Gross Revenue Comments: 2007
Cash Flow: $105,000
Seller Financing: Negotiable
Business Summary
Assisted Living Facility for sale in coastal South Carolina located in prime location near the ocean.
Licensed for 32 beds. Room for expansion.
Occupancy at 2-27-08: 97%
Pay rates: A mix of Private Pay, IPC and Medicaid OSS. $1,065 - $2,250 per month.
Facility: 10,508+/- square foot facility on two (2) acres. Constructed in 1989. New Roof installed in 2004. Sprinkler system and alarm system equipped.
Growth and Expansion: Highly desireable industry, room for expansion, high occupancy rate, history of profitability, increasing revenues, 1st class facility.
Revenues:
2003 = $214,182
2004 = $292,897
2005 = $321,701
2006 = $355,688
2007 = $372,316
Asking Price of $1,000,000
Licensed for 32 beds. Room for expansion.
Occupancy at 2-27-08: 97%
Pay rates: A mix of Private Pay, IPC and Medicaid OSS. $1,065 - $2,250 per month.
Facility: 10,508+/- square foot facility on two (2) acres. Constructed in 1989. New Roof installed in 2004. Sprinkler system and alarm system equipped.
Growth and Expansion: Highly desireable industry, room for expansion, high occupancy rate, history of profitability, increasing revenues, 1st class facility.
Revenues:
2003 = $214,182
2004 = $292,897
2005 = $321,701
2006 = $355,688
2007 = $372,316
Asking Price of $1,000,000
About the Business
Year Established: 1989
Employees: 15 full time -
Facilities: 10,508+/- square foot facility on two (2) acres. Constructed in 1989. New Roof installed in 2004.
SPRINKLER SYSTEM and alarm system equipped.
Market Outlook and Competition: Highly desireable industry, room for expansion, high occupancy rate, history of profitability, increasing revenues, 1st class facility.
About the Sale
Management Training and Support: Negotiable
Reason For Selling: Other Interests
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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