Jun 26, 2019 — WIALF1B - 55 bed, CBRF Memory Care Assisted Living Facility built in 2016 for sale in Wisconsin.
100% fully occupied and wait-listed 55 bed, CBRF Memory Care Assisted Living Facility built in 2016 in Wisconsin. The building is one story and contains approximately 25,151 square feet. Because this is a master planned zoned community, the infrastructure has already completed 55 of 90 possible beds. The Seller/Developer is willing to build the remaining 35 beds for $40,000 per bed at the buyer’s option.
The company’s payers include Medicaid and Private Pay. The building is fully occupied. Based on results from the first half of the year, 2019 Gross Revenues are projected at $2.3 million with an adjusted EBITDAR of approximately $1 million. 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. The management company and their employees are willing to stay under new ownership if desired.
The asking price for this opportunity is $12.5 million, which is based on an 8.5% cap. However, the seller will entertain all offers.