20+/- Bed Residential ALF for Sale in Lee County

Lee County, FL
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Asking Price:$1,750,000
Gross Revenue:$609,675
Real Estate:$1,300,000
Cash Flow:$193,601
FF&E:$50,000
Established Year:1991
BUSINESS DESCRIPTION

KW Commercial and My ALF Consultant are exclusively offering this 20 plus or minus bed residential assisted living for sale in Lee County, FL.

The facility is well-established and has been in continuous operation for over 25 years. The property offers of 14 bedroom units and 10 bathrooms in a great layout perfect for a RAL buyer. The facility is has good cashflow with great upside. The owners have approval and blueprints to expand the facility to 27 beds. The property offers ample parking and a large sign that provides good visibility to passing traffic.

The ALF is located in a very populated central part of Lee County close to many homes and healthcare services. If you have healthcare experience, you may qualify for SBA financing with as little as 10% down payment.


DETAILED INFORMATION
Location
Lee County, FL
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
4,832
Employees
10
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
All facility furniture fixtures and equipment. Living Room, Dinning Room, and bedroom furniture. Some furniture belong to residents. Owner will provide a FF&E List during Due Diligence. Generator and Fire Safety New Resident Call System
Growth & Expansion
Expand up to 27 beds with some room addition to the existing building. The owners have engineering and blueprints for the expansion plans. These can be provided during DD.
Support & Training
Owner will provide transition support after closing. Time period to be negotiated. Current manager on staff will remain to allow for a smooth transition.
Reason for Selling
Owners want a bigger facility.
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Sunny
Gandhi
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Sunny Gandhi