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Mar 12, 2019 — Assisted Living Facility for sale in the greater Houston, Texas area.
The facility consists of 3 buildings with a total of more than 23,840 square feet on over 5 acres. It is licensed for 46 beds, although they have a maximum capacity of 39 residents.
The facility’s business is 100% private pay. Gross revenues have been consistent in the $1 million range with an average NOI of $177,303 over the last 4 years. Their average occupancy rate is 75%, and the sellers feel there is room for growth with more marketing. At this time they are focused on other business ventures and have therefore opted to sell.
There is a full complement of staff available to continue working under new ownership. The asking price for this opportunity is $3 million, which includes the business opportunity and the real estate.