Residential Care Facility For Elderly
Location California,United States
Asking Price Range $250K - $500K
Gross Revenues $246720
Net Profit / Cash Flow $124526
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 1993
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Training 2 weeks at 20 hours per week following close of escrow.
Reason for Sale Retiring.
Description A beautifully appointed retirement home for sale for elderly, located in the heart of Encino. Excellent location in upscale neighborhood. Licensed by the state, it can serve a maximum of 6 ambulatory & non-ambulatory persons. A new owner can extend the license up to 10 or even 12 people. Rooms are big enough for 2 patients per room Facility is furnished with fine antiques and comfortable amenities. The grounds contain rose bushes and variety of other flowers, enough to keep continuously filled with beauty and fragrance. The wellness program emphasizes optimal kosher style nutrition, hydration with snacks between meals, mental and physical stimulation. This RCFE is in business for 21 years and 16 years under same owner. Seller is retiring and motivated. Gross receipts for 2008 are $246,720 and owner discretionary earnings are $120,650. For more information, please email or call Alex Levitan at 818-640-8080 or (818) 342-5222 ext. 330
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