48 bed Residential Care Facility for sale in Missouri. This well-established company is DHSS and DMH licensed as a Residential Care Facility II. The 14,000 square foot building resides on over 30,000 square feet of land. They provide 24 hour care and personal care services primarily to individuals who are mentally ill, mentally disordered, and intellectually or developmentally disabled.
The company’s payor mix is as follows: 40% Medicaid grants/Personal care, 37% SS and SSI, 20% private pay, and 3% Department of Mental Health. Gross annual revenues have been in the $950,000 range with an adjusted EBITDA over $150,000. The facility generally stays fully occupied, and residents stay for an average of 10 years or more.
The sellers are looking to retire, but the remaining staff is available to stay and continue running the business. The asking price for this opportunity is $1.5 Million, which includes the real estate and the business opportunity.
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