60 Beds Established Affordable ALF in Central FL
| Asking Price: | $4,550,000 |
| Gross Revenue: | $1,615,670 |
| Cash Flow: | $436,443 |
| FF&E: | $250,000 |
My ALF Consultant exclusively offers this 60-bed Assisted Living in Central Florida MSA.
If you are looking to get into the Assisted Living business or expand your operations, this is a great property for you. This facility specializes in lower-income and Medicaid residents and has maintained a very high occupancy rate over many years. There is tremendous demand for affordable senior living housing. Servicing this population has provided this ALF with the stability of occupancy and revenue. In addition, given the capacity and revenue, the business affords multiple levels of management. This offers a moderately passive investment and allows operators to focus on the big picture of their business, not on working in the day-to-day operations of the business.
The property offers 21,000+/- SF under air with 30 PLUS rooms and bathrooms including common bathrooms,
large dining areas, an activity room, a salon, a commercial kitchen, staff break rooms, offices, and a nurses station. This ALF also provides ample common spaces and outdoor areas for the residents to enjoy. The property sits on a large acreage that offers ample parking and green space. The Commercial zoning allows for more beds to be added at this location which would maximize the full potential of this business.
This ALF can also be purchased with a sister community which is licensed for 55 Beds and within a 1-hour drive. The package of both facilities would offer a total of 115 Beds.
Real Estate and business are included in the asking price.
An actual number of beds, property info, address, financials, proformas, photos, and other relevant information are to be disclosed after the NDA is signed.
Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion possibilities, number of licensed beds, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer's intended use. Provided in this ad, is a 2023 P&L using add-backs, buyer(s) to independently verify all financials, pro-forma figures, and add-back validity with their financials advisor/CPA.
