See Similar Listings

Great opportunity to own 17-/+ bed ALF on 3/4 acre in country setting

Florida
listing image
Sale Pending
Asking Price:$599,000
EBITDA:$141,778
Real Estate:$550,000
Gross Revenue:$309,093
FF&E:$30,420
Established Year:2006
Listing ID: 2065346Listing provided by BizBuySell
BUSINESS DESCRIPTION

ALF 17-/+ beds. Price reduced to $599,000. Central FLA.

PRINCIPALS ONLY.
"JUST REDUCED" - Fantastic low price for this Assisted Living Facility 17-/+ beds. Approx ¾ acre corner lot (185'x185'), situated in a tranquil rural setting, yet only minutes from all conveniences & large city centers in the Tampa-St Petersburg Metropolitan Area. A year ago the ALF had 12 residents with an income of $26,744 per month. The ALF was recently upgraded and while the work was in progress the residents were moved out. The renovations are completed and it is currently vacant, but the owners continue to maintain the AHCA license for the buyer to smoothly complete the CHOW with the state. The owners are too busy with other projects & do not manage the ALF to its potential. The facility has been in operation for about 20 years. Present ownership since 2011. This facility has standard and limited mental health licenses and the new owner may continue to admit subsidized and private pay residents. A new owner may direct the services to private pay residents & LTC only, and increase the cash flow/profits. The gross & EBITDA represented below is for the year 2022. Alternatively, this could be a great "group home" project under the hospices of APD.
Should there be interest, please contact Omni Real Estate and request a confidentiality agreement via email.

DETAILED INFORMATION
Location
Florida
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
3,831
Employees
2
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
The ALF is licensed by the State of Florida. The sale includes the land, the improvements, the FF&E and the Goodwill.
Competition
Due to the quasi-seclude location, away from traffic and rustling noises from the city, this facility could be upgraded and service private payee residents, including memory care individuals, therefore, increasing the profits. However, the current populations under the LMH license allow the facility to maintain the same residents for longer periods, at a steady income.
Growth & Expansion
Due to the size of the land, "perhaps" the local authorities may allow an expansion and an increase of beds. Prospects need to contact the local zoning authorities and make proper inquiries before making any offer and/or proposal. Also, a "group home" project under the hospices of APD, could be a rewarding opportunity.
Financing
Sellers will not offer financing. But there are SBA lenders that may be interested in
Support & Training
Sellers will assit & train the new owners after the closing for approximately 30 days.
Reason for Selling
Owners have been in the health care profession for decades and desire to retire.
Home-Based
This business is Home-Based
Report an Issue with this listing
Sam Buran
logo-img
Phone Number
Sam Buran
Call Phone