Social Adult Day Care - 34896 Business Type: day care center ,healthcare related services,other personal services,adult homecare assisted living
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Financial Information (non-confidential)
General Information | |||
---|---|---|---|
Asking Price | $600,000 | Down Payment | $600,000 |
Gross Revenues | $114,400 | Lease Remaining | Register Free to View |
Owner’s Cash Flow | $60,000 | Number of FT Employees | Register Free to View |
Financing
$600,000 Down and
Business Description
Newly licensed and established (mid- 2021) Social Adult
Day Care Facility (SADC). Ten (10) current members and
10 new members are pending. Currently one shift (morning)
four days per week will expand as more members are added.
DSS is the primary payor with others pending. Provides tele-
health services for some members at the same rate as in
person visits. Current weekly revenue is $2,200 per week
and growing. Separate license and rate with DSS for niche
member population. Rates will go up when the contract is
completed. Hard to obtain License covers the entire state
of Connecticut (all 5 counties) but the business is currently
active in only three counties. License allows a new buyer to
expand and add facilities to the entire state. Meals are
catered in.
Rent is $6700 which is shared with a Home Care Agency
(Opened 2021), which is separately offered for sale (listing
# 34897). Cost $300k to build out in mid-2021. Long lease.
Fully integrated software is provided by the state Sundata
-Ct and CTD SMAB. Much of the staffing is provided by
unpaid volunteers. Gross sales of $110,000 in the business
profile is conservatively projected based on current weekly
billing and owner net income of $60,000 is also conservatively
projected for 2022. There are NO NET INCOME representations.
The $60k owner cash flow in the profile is projected.
Seller seeks buyers who can provide proof of funds and
more importantly, has relevant industry experience. The
owner must approve release of the name and location of
the SADC to a buyer. This is required for the name and
location of the SADC and a call or meeting with the owner.
Buyers should also consider the purchase of the co-owned
and co-located Home Care Agency-LHCSA (Listing # 34897).
LHCSA and SADC are complementary to each other.
Contact broker Joseph Stansky at 631-383-3109 for more details on this
business.
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:
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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.
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