Financing: $550,000.00 Down and
Reason for Selling:partner issues
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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