Our firm is pleased to introduce an opportunity to purchase 3 Assisted Living Facilities with a total of 40 beds, located in Maryland. Each is fully licensed by the State of Maryland Department of Mental Health and Hygiene. Two of the facilities have 16 beds each, and the third one has 8 beds. They are also pre-approved to add 2 more 16 bed facilities on the existing land if a new owner wanted to expand.
The overall payer mix is 85% private pay, 15% Medicaid, and 2% county subsidy. Gross annual revenues are expected to reach $1.5 Million in 2016, and the facilities are all fully occupied with a waiting list. There is a full complement of staff that is expected to stay on under new ownership.
The facilities have had appraisals completed within the last couple of years, valuing them at over $4.7 Million. The owners are highly motivated to sell and are asking $4.2 Million for all 3 facilities, including the real estate.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.
Asking Price $4,200,000
Profit Available On Request
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