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Business for Sale Summary

Social Adult Day Care - 35105

Business Type: adult homecare assisted living,seller financing available,healthcare related services
 Social Adult Day Care
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Financial Information (non-confidential)

General Information
Asking Price $4,000,000 Down Payment $3,400,000
Gross Revenues $4,160,000 Lease Remaining Register Free to View
Owner’s Cash Flow $846,000 Number of FT Employees Register Free to View

Financing

$3,400,000 Down and $600k over 5 years @5%.

Business Description

This is a premier NYC Social Adult Day Care Facility in a densely populated neighborhood. Established for 11 years and recently fully renovated. 10,000 immaculate sq. ft. on 2 floors (with elevator). Has 13 of the major hard to get MLTC contracts in place for many years. Has 270 active, in person, members with between 620 and 650 visits per week (and growing) with two shifts. Preferred SADC vendor for many MLTCs. Other members receiving telehealth and are regularly contacted by staff to return in person. Other local SADC facilities went out of business during Covid. Programs are 7 days and two shifts. Fantastic location with beautiful views and allows for many healthy local outdoor excursions. Ten (10) vans (5 in house) transport members from Brooklyn, Queens and Manhattan to this much desired location. Meals are catered. Large activity rooms and many rooms for individual services- computer, arts and crafts, salon, games, quiet room, plus events like meet and greet with local leaders, trips and outings, etc. $300,000 to build out plus recent renovations. 15 staff members. ADS software is fully integrated with Medicaid/ MLTCs. Program director, assistant director, activities director, social worker, nutritionist and many long term staff members will remain. Profile net income represents 2019 pre Covid numbers. 2020 and 2021 closures affected numbers for those years. Gross sales in profile represents a projection of currently week billing of approx. $55,000-$60,000 per week. Owners will retain their accounts receivable. The sellers make NO NET INCOME REPRESENTATIONS for 2022. The owners are seeking a very qualified buyer that can provide significant proof of liquid funds (at least $1.5 million) and their healthcare or senior care background for the seller's approval of the release of the name and location of their facility and a call or meeting with the owner. No financials will be provided until after a meeting with the owner or in due diligence after an accepted non binding offer. If you can provide the above seller requirements, please contact broker Joseph Stansky 631-383-3109 for next steps on this unique opportunity.

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.