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Oct 2, 2018 — 53-unit (60-bed) Assisted Living Facility for sale in Northeast, Nebraska.
The facility was built in 2000 and recently expanded in 2016. It is located near the area’s medical and shopping facilities and there is a regional critical care hospital within one mile. They are also the only reputable stand-alone Assisted Living Facility in the area and have land available for expansion of the property. Their services include home cooked meals, 24-hour staff, health monitoring, medication assistance, and much more.
Their payor mix is 67% Private Pay and 33% Medicare Waiver. 51 of the 53 units are currently occupied (96%) and their current census in 52 (34 – Private Pay / 18 – Medicaid Waiver). Revenue for 2017 was $1,873,006 with an EBITDAR of $615,187 (33%). In 2018, the company is on track to generate approximately $1.755 million of revenue with an adjusted EBTIDAR of approximately $545,000 (31%).
The sellers are considering retirement but would also entertain staying on with the company post acquisition. All additional staff is expected to stay on with new ownership. The asking price for this opportunity is $7.5 million based on a capitalization rate of 7.2%.