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Feb 18, 2020 — Owner acquired facility in September 2017 and has reconfigured staffing and procedures to modernize and streamline operations. Policies in place to handle daily operations in a consistent, effective manner. New systems generated recent low 15% vacancy rate. Total 30 bed capacity. Two, single floor buildings,constructed 1999 and 2004 with 3,900 and 5,300 sq. ft. respectively. Newer appliances and refurbished interior. Services include private bedrooms, 24-hour staffing, dietitian approved meals, individual and group activities, daily housekeeping services and more. Owner is pursuing related health care opportunities and is willing to assist in transition. Employee headcount is +/- 10 FTE’s, with pay scale near minimum wage, except for onsite manager. Currently operating under a well-known franchise model. New owner has flexibility to choose to operate as independent facility. Foundation for stabilized cash flow in place, along with trained workforce, and minimal CAPEX requirements. Take advantage of forecast growing demand for assisted living facilities in Arizona. Revenue, Cash Flow, and EBITDA shown are projected for 2020.
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