Description

4 assisted living facilities (“ALFs”) in Alaska that are focused on providing total care for the elderly. The company has been in business since 1985 and opened their most recent home in 2006. They offer a unique combination of services and around the clock care, with four homes located throughout Matanuska-Susitna Borough, Alaska, which is close to Anchorage.

The company’s business mix is 70% Medicaid, 15% Private Pay, and 5% General Relief. Combined Revenues were $2,374,000 with a combined EBITDA of $406,183 in 2016. The combined 2016 EBITDAR was $523,762. The properties have a total of 27 beds, with 100% occupancy and a waitlist.

There is a full complement of staff available to continue working with a new owner, and the sellers will accommodate a transitional period as needed. The sellers own 3 of the 4 properties, and they lease 1 property.

The asking price for this opportunity is $3.1 Million, which includes four (4) business opportunities and three (3) real estate properties based on a 17% cap rate of combined EBITDAR. The business opportunities may be sold separate from the real estate.