Personal Care & Retirement Home, Western PA

Indiana County, PA
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Asking Price:$325,000
Gross Revenue:$335,000
Real Estate:$300,000
Cash Flow:$100,000
FF&E:$50,000
Established Year:1974
BUSINESS DESCRIPTION

This personal care home is located on a quiet street close to Punxsutawney, PA. with access to shopping and amenities nearby. The home is very well established and licensed in Pennsylvania by the Dept. of Health and Human Services ((DHS). It offers personalized care, assistance with medications and daily living activities in a caring environment. It is a non-medical home that helps people receiving supplemental security income maintain their independence and autonomy since the 1970's.
The home is licensed for up to 24 residents with several independent style senior living quarters as well as assisted or personal care living with semiprivate rooms that have multiple beds in each. There is a main house with some common areas, dining room, kitchen, and administrative office. The 1.75-acre property is wooded, and park like with recreation space and room for residents to enjoy the fresh air and outdoors. The real estate is also for sale.


DETAILED INFORMATION
Location
Indiana County, PA
Inventory
Not Included in asking price
Real Estate
Owned
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
1.75 acre private setting on wooded lot with main house for up to 19 residents plus 5 Independant senior residences and exterior recreation building.
Competition
There are several smaller personal care homes in the area and demand is strong.
Growth & Expansion
The home has 19 residents presently with a capacity of 24 so there is some room to grow. Facility is older but maintained and it is possible to expand and add more space/beds given the property size and building structure.
Financing
Bank Financing for qualified buyers combining real estate and business.
Support & Training
Owners will provide full training and support. The home administrator is available to stay on and lives nearby. There is a full staff that will; stay on as well.
Reason for Selling
The owners are seeking to retire. The business has full staffing, and the admini
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Paul
Vassallo
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Paul Vassallo