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Business for Sale Summary

Social Adult DayCare for sale in NY Metro - 34360

Business Type: day care center ,health/medical/dental practices,healthcare related services,misc. service/non-classifiable,seller financing available,adult homecare assisted living
Owner Financing
Social Adult DayCare for sale in NY Metro
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This business has received 26 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $550,000 Down Payment $375,000
Gross Revenues $493,000 Lease Remaining Register Free to View
Owner’s Cash Flow $175,000 Number of FT Employees Register Free to View

Financing

$375,000 Down and $175k 3years 5%

Business Description

Unique Social Adult Day Care (SADC) facility that services a niche population of disabled members that have unique special needs and other health related conditions. Programs and activities are catered to each member’s individual needs to offer a better quality of life. Staff members are specially trained in providing services to this population. Multiethnic population. Assists members with Medicaid, SNAP benefits, Housing, CDPAP set up, etc. Seven (7) great MLTC contracts that are grateful that this type of SADC facility exists and would easily approve a second shift for other types of members or other locations. Can be relocated. Part time employees and volunteers for low labor costs. Opportunity to convert to non- profit status for the many grants that are available. Adaptive equipment. One morning shift 5 days a week. Currently 40 members with a possible occupancy of 75. Did tele health and meals for up to 47 members during Covid. Services clients from the Bronx, Manhattan and Brooklyn. Large indoor space of 2500 sq. ft. plus a 1200 backyard space for outdoor activities. Currently billing for 110 visits per week (telehealth). In person opening scheduled for September. Billed for 150-200 visits per week- Pre Covid. Referrals from many non- profits serving this population. Meals are catered but there is a kitchen on premises. Operated semi absentee by the owners. An owner operator can grow the business by adding a second afternoon shift servicing any ethnic population without special needs; offering weekend respite shifts and programs; and hiring a marketer to add members. Cost $650k to build out and get licenses. Owners seek an owner operator with some background in senior care, health care or rel. Proof of funds is required for a meeting with the owner. 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.