Social Adult Day Care - 35105 Business Type: owner financing available,healthcare related services,adult homecare assisted living
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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $3,600,000 | Down Payment | $3,000,000 |
Gross Revenues | $2,694,037 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $621,900 | Number of FT Employees | Register Free to View |
Financing
$3,000,000 Down and $600k over 2 years @ 6%.
Business Description
This is your opportunity to own a premier NYC Social Adult
Day Care (SADC) Facility, established for 13 years and
recently renovated. Located in a densely populated neighbor
hood, this 10,000 sq. ft. facility on 2 floors (with an elevator)
boasts 13 of the major hard-to -get MLTC contracts in place
for many years and 270 active, in person members with
between 620 and 650 visits per week (and growing).
Preferred SADC vendor for many MLTCs, this SADC facility
has weathered the storm of Covid as other local SADC
facilities went out of business. Programs are 7 days and
two shifts with fantastic location and beautiful views, allowing
for many healthy local outdoor excursions. Members are
transported from Brooklyn, Queens and Manhattan via 10
vans (5 in house). Meals are catered or prepared in on site
kitchen. There are large activity rooms and many rooms for
individual services such as computer, arts and crafts, salon,
games, and quiet rooms, plus events like meet and greet
with local leaders, trips and outings, etc. Cost $300,000 to
build out plus recent renovations. 15 staff members, and
ADS software fully integrated with Medicaid/MLTCs. This
business offers a unique opportunity for a qualified buyer
that can provide significant proof of liquid funds (at least
$2 million) and their healthcare or senior care background.
2022 average billing was $51,000 per week, with a gross of
$2,694,000 and recast owner net profit of $621,900, a profit
margin of 23%. Seller, in 2023 is currently billing $65,000
per week with annualized gross of $3,380,000 and projected
net (@ 23%) of $777,400.
Sellers will retain their accounts receivable, and no bank
financing will be considered. Buyers are required to provide
proof of funds of at least $2m and their demonstrated back
ground in senior care or a related healthcare background
for seller’s permission to release the name and location of
their business and a call with the owner. No financials until
after a call with the owner. Contact broker Joseph Stansky
at 631-383-3109 for more information on this amazing
opportunity!
In addition, please register with the listing number above by going to vestedbb.com, enter this number into the search bar, expand the listing, click on “view free financials”, fill out the short contact form and you are registered. This is our electronic non-disclosure agreement.
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.
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