Three Residential Intermediate Care Facilities with business and 3 residential properties and a total of 30 beds in Ventura County. The facilities are dedicated to providing a comfortable, caring, and supervised living arrangement in a family home setting. Services provided include room, board, social activities, three daily meals, scheduled transportation, 24-hour supervision and assistance with activities of daily living.
The asking price of $4.2M includes three residential care facilities (the business) as well as three residential homes (the real estate) in a prime area of Ventura County. This is priced for an immediate sale. The business and property are in Receivership and this is a court order sale. The asking price reflects a reduced value given that the facilities have not been operating at 100% occupancy. The receiver has hired a third-party person to oversee the facilities and business until it is sold. Most books and records are available but historical information may be limited. This is a great opportunity for an experience operator to purchase these facilities and bring them up to 100% occupancy which according to the various sources is doable given the current demand in the marketplace.
The facilities and properties HAVE BEEN pre-qualified for SBA finance for a qualified buyer with strong credit and related industry experience. SBA will finance both the business and the real estate as one loan with 15 – 50% down with 25-year amortization.
The seller also owns 3 additional facilities with the real estate in Kern County that are for sale at $1,750,000. That project has NOT been pre-approved for SBA finance, but seller will provide short term seller finance in order for a buyer to file 2 years of tax returns and refinance. An SBA lender is in place to assist with the refinance. Contact Broker for additional information and an NDA if interested.
Please note this is a confidential matter and only serious buyers with industry experience should inquire. No additional information will be provided until a Confidentiality Agreement, background information showing industry experience and proof of funds in the amount of $900,000 has been submitted.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.