Zoned for 20 Beds - 14 PLUS/MINUS Assisted Living In N.E, FL
| Asking Price: | $1,600,000 |
| Gross Revenue: | $840,000 |
| Real Estate: | $1,500,000 |
| Cash Flow: | $370,067 |
| FF&E: | $100,000 |
My ALF Consultant exclusively offers Assisted Living for sale Near the North East Florida Market.
Property and Business are included in the sale.
The sale includes multiple buildings on the same lot and has zoning approvals for 20 residents if all buildings are utilized. The additional building on the lot can be either utilized to add 6 beds, be a standalone Independent Living, or be used as a residence for owners, or staff. The building is bright and spacious with a large dining area and common area spaces. Most bedrooms are large enough for double occupancy.
The facility provides a home-like environment which is often referred to as Residential Assisted Living. The smaller communities allow operators to prioritize individualized care and foster genuine connections with each resident.
The property has undergone a complete renovation over the last few years. Improvements include new floors, interior paint, exterior paint, an updated fire alarm system, and a sprinkler system. In addition, the owners have purchased new furniture, fixtures, and business equipment.
The facility is now licensed for 13 PLUS/MINUS residents (the sellers recently received approval from AHCA for a capacity increase in the main building).
For buyers who are looking at getting into the assisted living business, this facility offers a tremendous opportunity with upside potential. Ideal buyers would live nearby to continue with the facility's successful operations. This facility is SBA eligible and buyers with applicable healthcare experience, can qualify for as little as 15% to 20% down payment.
*Buyer to independently verify the possibility of utilizing the additional structure as Independent Living or ALF with the authorities before the expiration of the due diligence period.
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, capacity increase, number of licensed beds, proformas, 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 proforma based on the 2023 P&L with add-backs plus additional projected income due to recently increased capacity. Buyer(s) to independently verify all financials, pro-forma figures, and add-back validity with their financials advisor/CPA.
