Details

LISTING ID # 33508

Large Brooklyn Adult Social Day Care Facility. Nine (9) top MLTC contracts in place. 100 Total members (capacity 200 members per shift) Bills for over 200 visits per week. Director and 8 staff members. Fitness/recreation, arts and crafts, entertainment, shopping and nature day trips, medication reminders, dancing and music, salon and barber services, etc. Planned program of activities. Safe, supportive and cheerful environment. Two floors with 6,500 sq. ft on each floor. Current one morning shift with opportunity to add second afternoon shift. 2nd floor should be sublet. Social workers to obtain Medicaid and Long-Term Management. With MLTC contracts in place, a buyer can move the location or open additional locations. Partnership issues forces sale. Includes two passenger vans. Built out in 2013 at a cost of almost $1m. They cook their own breakfast but cater lunch for the members. Rent is being renegotiated or seeking to sublet unused second floor. Uses My Ability Network software which is fully integrated with MLTCs and Medicaid. Can quickly upgrade to HHA Exchange Software. Clean audit and site visit history. Billing done in house weekly. Active owner operator could expand marketing and add a second shift and open other facilities. Needs owner operator. Seller is to keep his account receivables. Owner net cash flow of' $261,000 includes the salary of one of the owner who is actively involves in the business. Valued for an owner operator. NOT bank financeable. Seller requires a buyer that a buyer have provide his relevant business experience, with some experience in senior care or a healthcare background. Proof of liquid funds is required for a meeting, or inspection of the facilities.

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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.