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Details - Information last confirmed on August 31, 2020
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.