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Jun 26, 2019 — 55 bed, CBRF Memory Care Assisted Living Facility built in 2016 for sale in Wisconsin.
The building is one story and contains approximately 25,151 square feet. Because this is a master planned community, infrastructure is already complete for 90 beds, and the management company is willing to build the remaining 35 beds for approximately $2 million at the buyer’s discretion.
The company’s payers include Medicare and Private Pay. The building is fully occupied. Based on results from the first half of the year, 2019 Gross Revenues are projected at $2,258,550 with an adjusted EBITDAR of approximately $980,557. The management company’s 5% fee is included in these figures.
The management company provides a team of 7 employees, in addition to 23 employees on site. They are all expected to stay under new ownership.
The asking price for this opportunity is $12.5 million, which is based on an 8% cap.