Independent Senior Living Facilities
- Listing Id: 3043
- Broker Name: Brantley Kemp
- Category: Hotels and Motels
- Asking Price: $2,750,000.00
- EBITDA: $222,000.00
- Real Estate: $670,000.00
- Cash Flow: $309,113.00
- Inventory: $333,000.00
- No. Of Full-Time Employees: N/A
- No. Of Part-Time Employees: N/A
- Gross Income: $799,000.00
- FF&E: $300,000.00
- Year Built: N/A
- Address: Click Here
- Zip Code: Click Here
- City: Cooperstown
- State: NY
- Country: United States
- Tenancy: Single
- Occupancy: N/A
- Lot Size: N/A
- Available: Yes
Description
The Company provides two levels of care:Independent and assisted living (“AL”) facilities for senior adults: The Company has 27 residential units, with included ancillary services, as well as separately billed personal services, to a target market of moderate income senior citizens. Special Assistance Foster Care (SAFC) with 10 units for 20 adults is a separate wing, serving adults with serious cognitive, mental and behavioral disorders. Management of this division is currently being outsourced.Recurring revenue from monthly rentals on both the senior living units (70% of annual revenue) and the monthly payments from the outsourced operators of the SAFC, (25%).Billable services for as-needed personal care for the senior living unit (3%), which are normally continued month-over-month to meet the changing conditions of the aging residents. Miscellaneous other services generate the remaining portion of annual revenue.
Financial Summary
N/A
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