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Jul 20, 2018 — 16 bed, Type A, Senior Assisted Living Facility for sale in Northwest Texas.
The facilities are attractive and well maintained, and they have an excellent reputation within the community. They have contracts to accept CBA/Medicaid residents located in North Texas.
The property is a single story building comprised of 7,017 sq. ft, including two wings, a portion of which was constructed in 1960 and an extension was built in 1980. It is situated on a 1.15 acre lot. At max capacity of 16, the number of sq. ft per resident would be a generous 438 sq. ft. Approximately 30% of revenues are derived from the coveted Medicaid program, along with 70% from private insurance and private pay. Gross annual revenues have been in the $300,000 range.
Current management is willing to remain in place if desired by the purchaser. The seller is asking $1 Million, which includes the real estate, and will only deal with cash buyers. This is a good opportunity for Owner/Operator.