Social Adult Day Care - 35105

Financing

$3,000,000 Down and $600k over 2 years @ 6%.

Business Description

This is your opportunity to own a premier NYC Social Adult Day Care (SADC) Facility, established for 13 years and recently renovated. Located in a densely populated neighbor hood, this 10,000 sq. ft. facility on 2 floors (with an elevator) boasts 13 of the major hard-to -get MLTC contracts in place for many years and 270 active, in person members with between 620 and 650 visits per week (and growing). Preferred SADC vendor for many MLTCs, this SADC facility has weathered the storm of Covid as other local SADC facilities went out of business. Programs are 7 days and two shifts with fantastic location and beautiful views, allowing for many healthy local outdoor excursions. Members are transported from Brooklyn, Queens and Manhattan via 10 vans (5 in house). Meals are catered or prepared in on site kitchen. There are large activity rooms and many rooms for individual services such as computer, arts and crafts, salon, games, and quiet rooms, plus events like meet and greet with local leaders, trips and outings, etc. Cost $300,000 to build out plus recent renovations. 15 staff members, and ADS software fully integrated with Medicaid/MLTCs. This business offers a unique opportunity for a qualified buyer that can provide significant proof of liquid funds (at least $2 million) and their healthcare or senior care background. 2022 average billing was $51,000 per week, with a gross of $2,694,000 and recast owner net profit of $621,900, a profit margin of 23%. Seller, in 2023 is currently billing $65,000 per week with annualized gross of $3,380,000 and projected net (@ 23%) of $777,400. Sellers will retain their accounts receivable, and no bank financing will be considered. Buyers are required to provide proof of funds of at least $2m and their demonstrated back ground in senior care or a related healthcare background for seller’s permission to release the name and location of their business and a call with the owner. No financials until after a call with the owner. Contact broker Joseph Stansky at 631-383-3109 for more information on this amazing opportunity!

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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.