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Business for Sale Summary

Senior Day Care Business for sale in NY - 33508

Business Type: day care center ,healthcare related services,misc. servicel/non-classifiable,other personal services,seller financing available,adult homecare assisted living
Owner Financing
Senior Day Care Business for sale in NY
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Financial Information (non-confidential)

General Information
Asking Price $600,000 Down Payment $450,000
Gross Revenues $955,967 Lease Remaining Register Free to View
Owner’s Cash Flow $261,000 Number of FT Employees Register Free to View

Financing

$450,000 Down and $150K over 3 years @ 5%

Business Description

Large Brooklyn Adult Social Day Care Facility. Nine (9) top MLTC contracts in place. 100 Total members (capacity 200 members per shift) Bills for over 200 visits per week. Director and 8 staff members. Fitness/recreation, arts and crafts, entertainment, shopping and nature day trips, medication reminders, dancing and music, salon and barber services, etc. Planned program of activities. Safe, supportive and cheerful environment. Two floors with 6,500 sq. ft on each floor. Current one morning shift with opportunity to add second afternoon shift. 2nd floor should be sublet. Social workers to obtain Medicaid and Long-Term Management. With MLTC contracts in place, a buyer can move the location or open additional locations. Partnership issues forces sale. Includes two passenger vans. Built out in 2013 at a cost of almost $1m. They cook their own breakfast but cater lunch for the members. Rent is being renegotiated or seeking to sublet unused second floor. Uses My Ability Network software which is fully integrated with MLTCs and Medicaid. Can quickly upgrade to HHA Exchange Software. Clean audit and site visit history. Billing done in house weekly. Active owner operator could expand marketing and add a second shift and open other facilities. Needs owner operator. Seller is to keep his account receivables. Owner net cash flow of' $261,000 includes the salary of one of the owner who is actively involves in the business. Valued for an owner operator. NOT bank financeable. Seller requires a buyer that a buyer have provide his relevant business experience, with some experience in senior care or a healthcare background. Proof of liquid funds is required for a meeting, or inspection of the facilities. Contact broker Joseph Stansky for more information.

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.