Drug Alcohol Treatment Center & Group Home - 26488

Financing

$35,000 Down and Negotiable. Real Estate must be purchased at the same time and will be purchased directly from the Seller for $225,000.

Business Description

SELLER UPDATED 4-13-16. Instead of requiring the building to be purchased at the same time as the business, the Seller is willing to lease the building for $1500/mth for six months with an option to extend it to one year, prior to making a purchase. This listing will not last long. While there are few licensed Drug and Alcohol Treatment Facilities available in TN, here is an exceptional home/facility/center ready for the right individual or group to step in and offer much needed addiction services to East TN. It has been closed for the last 8 months but everything is ready to open immediately. All state and local licenses by TDMHSAS are in place and the location is zoned for a Halfway House or Drug and Alcohol Treatment Center. This 2538 sq.ft. building has everything in place for purchaser to step in and have clients within the next few weeks. There are clients ready and waiting in almost every local institution to receive treatment potentially filling the home in a very short time period. The current Seller is willing to train and provide ongoing consulting to help this treatment center thrive once again. The center received cash, grants and insurance payments and there is funding available through CTC, ADAT, SPOT, TDOC, Probation & Parole as well as other private and state grants. Funding is available for counseling sessions, group sessions and IOP on a case by case basis. All operational documents, licenses and infrastructure are in place to begin immediately. This facility offering full services could yield $30k-$75k per month. The Seller is passionate about this facility remaining in the community providing addiction recovery services but needs someone to purchase so it can reopen again to run and operate moving forward. FFE is valued at $12,399 and building improvements total over $23k. Real Estate must be purchased for $225K directly from the Seller and was appraised at $310k by local CCIM. If you would like more information, please call 877-735-5224. Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.