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Business for Sale Summary

Social Adult Day Care for sale in Queens - 34159

Business Type: day care center ,healthcare related services,misc. service/non-classifiable,seller financing available,adult homecare assisted living
Social Adult Day Care for sale in Queens
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Financial Information (non-confidential)

General Information
Asking Price $1,950,000 Down Payment $1,950,000
Gross Revenues $1,960,364 Lease Remaining Register Free to View
Owner’s Cash Flow $576,277 Number of FT Employees Register Free to View

Financing

$1,950,000 Down and

Business Description

Social Adult Day Care (SADC) operates two locations in a densely populated area of Queens County. They have all important MLTC contracts in place. Both locations (# 1 - 8,000 sq. ft. and # 2 5,000 sq.ft.) have been open for 9 and 6 years respectively. 130 members and 50 Members. Well regarded in the community working with elected county and state representatives with neighborhood parties, events like immunizations, trips & outings. Huge backyard. Offers 2 shifts w/full licensed kitchen. Extra gross sales from rental of vans for private trips, and parties. Party space (2nd floor space) has kitchen, sound stage, dance floor etc. Long leases with options in each location. They lease 3 vans. Operate 4 days per week plus weekend for private rentals and parties. Program director, assistant director, activities director, social worker, nutritionist, RN or LPN, etc. offering full range of activities and excellent meals. During Covid the owner was active providing over 140 members tele- health and food, with a gross sales of almost $1,000,000. Many SADC have gone out of business during Covid because they did not provide tele-health. had no revenue and lost their leases. Many opportunities to grow the business offering services to many other ethnic groups that live nearby- There is a need. More than 400 visits were billed weekly in 2019 with gross sales of $1,760,363 without the private rentals and parties. One tax return for both facilities- must be purchased together. The seller is considering combining the small facility into the larger space- All members are willing to move over. Seller (and new buyer) will have significant savings go right to their bottom line- no second rent, lower payroll, no second utilities, heat and A/C, insurance and phone, etc. The city is allowing reopening of SADC as of June 13th. The owners are seeking a very qualified buyer that can provide proof of liquid funds of at least $1m and relevant business background before a call or meeting. Contact broker Joseph Stansky 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.