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Assisted Living & Property For Sale

Location  New Jersey,United States
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $400000
Net Profit / Cash Flow  $110000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  1960
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Training  The seller will supply assistance post closing to the purchaser.
Reason for Sale  Retiring after forty years in this service industry.
Description  Assisted Living & Boarding Home Center servicing senior citizens, as an accredited rest home and licensed by the New Jersey Department of Community Affairs. The center's income is derived primarily from private payment and seniors with private insurance assistance. This full time senior care center offers 24 hour service with private rooms, meals and all the necessary assistance to its live in residents. The facility consists of a classic Manson on a two acre site with a beautiful tree lined property in a wonderful area of Morris County, NJ. The center offers 24 hours supervision, home style cooking, medication supervision, emergency response systems, beautiful county gardens and a very attractive setting.The business is fully equipped with all the amenities as a formal Assisted Living Center. This Assisted Living Boarding House Center is licensed for nineteen (19) adults plus a third floor unit with an additional four rooms. The facility has available private parking and substantial municipal parking. This center offers full time 24 hours live in service to the clients it serves. The sale will supply a New Jersey State C class license from the Department of Community Affairs as an Assisted Living Boarding Home for nineteen Plus adults. Based on the asking price, required down payment and net income this business should supply a 25% return to the owner operator prior to debt service. The present owner is elderly and cannot maintain the center and has recently closed due to her limited capacity. However, the center is prepared to reopen with new ownership. This is an unusual opportunity to own an Assisted Living Center with property. The facility is a beautiful colonial home, consisting of three floors, 5,000 square feet with clean and comfortable rooms, private and semi private sitting & dining rooms, decks overlooking a large county garden on almost two acres of fenced in trees.
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