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Our firm is proud to introduce an assisted living opportunity including an unencumbered, 12,300 square foot facility and five acres of land in a historic city in Virginia. Located just ten minutes from a major medical center, the facility has nineteen private and semi-private bedrooms and has an average census of 23 residents. Providing a premium lifestyle, they supply residential care ranging from level 1-3, medication management, the support of two LVNs, home health and hospice services, and full transportation services.
The company pays rent in lieu of a salary to the owner, and that amount has been reflected as an addback. Revenues in 2017 were $943,000, with revenues of $983,000 in 2018. In 2019 revenue was $1,118,000 with an EBITDA of $303,000. The facility, including the land, is worth a minimum of $1.8 million to $2 million. In addition, there are two apartments that could be rented at fair market value for approximately $1000 and $1500 monthly, adding $30,000 per year to possible earnings for the new owner. The company is 100% private pay.
They employ a staff of 15 and all are expected to stay on under new ownership.
Asking Price for this opportunity is $3.1 million.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.
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.