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Business for Sale Summary

Adult Social Day Care Facility in NY - 34659

Business Type: adult homecare assisted living,healthcare related services,other personal services,passenger transportation / ambulette,day care center
Adult Social Day Care Facility in NY
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Financial Information (non-confidential)

General Information
Asking Price $750,000 Down Payment $750,000
Gross Revenues $1,013,000 Lease Remaining Register Free to View
Owner’s Cash Flow $0 Number of FT Employees Register Free to View

Financing

$750,000 Down and

Business Description

Large, well run, 10,000 square foot, adult social day care facility. There are 7 MLTC contracts in place. This operation services a total of 70 approved members with 24 members in progress. 201 visits per week with average weekly revenue of $19,490. Eight 8 years left on the lease. Open during Covid providing tele-health and food deliveries to its members. Fully staffed facility with great director, social worker and fully trained bilingual staff. One local bilingual marketer and 2 home care referral sources. Currently runs absentee with a director. Nutritious meals and snacks are served. This is a safe, supportive, cheerful environment, with a great marketing team. Facility cost $300k to build 7 years ago. Medicaid recipients only. There is a planned program of activities to promote social and health-related services. Nutritious meals and snacks are provided. Full daily programs five days per week from 9am to 2pm with day trips for participants. New owner can add a second afternoon shift for additional revenue. There is a dance floor, arts and crafts room, computer room, relaxation room, salon and more. There are six large rooms and a backyard. Sublet revenue of $1500 per month. The business profile gross revenue is projected based on pre Omnicron 3rd quarter weekly billing of $19k per week. The seller makes NO NET INCOME representations. In 2019, Seller netted over $300,000 per year. Proof of funds and relevant prior business background is required for a meeting with the owners and to see the facility. Call the broker for more details.

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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.