Social Adult Daycare

Kings County, NY

Seller Financing Available

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Asking Price:$1,750,000
Gross Revenue:$1,680,000
Established Year:2018
Cash Flow:$516,000
FF&E:$150,000
BUSINESS DESCRIPTION

LISTING ID # 35571

Large well run (6,700 sq ft) active Brooklyn Social Adult Day Care Center facility and densely populated central Brooklyn area. Eight valuable MLTC contracts in place. Open 3 days a week with one AM shift. The seller currently bills approximately 300 clients per week. 90 active members with average weekly visits of over 220 per week plus 45 food delivery and tele-health members. Certificate pf Occupancy for 144 people. Owns one van and uses 2-3 contractors for member transport. All routes are within 30 minutes of the center. Billing approximately $27,000 per week and growing. Ten(10) full-time employees and four (4) part time. Open during Covid providing tele-health and food deliveries to its members. Fully staffed facility with great director, marketer, social worker and fully trained staff. Home care referral sources. Nutritious meals and snacks are served and prepared on site. This is a safe, supportive, cheerful environment, with a great marketing team. Medicaid recipients only. There is a planned, program of activities to promote social and health-related services. Full daily programs three days per week from 9am to 2pm with day trips for participants. The new owner can add a second afternoon shift for additional revenue. There is a dance floor, arts and crafts room, computer room, relaxation room, salon and more. Proof of funds and relevant prior business background is required for Seller’s permission to release the name and location of the facility and for a call or meeting with the owners and to see the facility. No bank financing considered. Call the broker for more details.


DETAILED INFORMATION
Location
Kings County, NY
Inventory
Not Included in asking price
Employees
14
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Financing
1,250,000.00 Down & $500k over 3 years @ 5%
Support & Training
Seller will train
Reason for Selling
Seller is relocating
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Vested
Business Brokers, Ltd
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Vested Business Brokers, Ltd