Description

Asking Price: $460,000 Furniture / Fixtures and Inventory / Stock included.
Sales Revenue: $250K - $500K
Cash Flow: $50K - $100K
This is a rare, easy to finance opportunity to acquire a well-respected, quality 6 bed Residential Care Facility that was established over 35 years ago. Long tenured, fully trained staff, with little turn-over, operate this facility 24/7/365. A new Owner/Administrator is simply responsible for general management duties (averaging 20-25 hours per week). Base compensation for the Owner/Administrator position is reflected in the financials at $44,000/yr (plus benefits).

The Nova Scotia Department of Health & Wellness policies provide a fixed revenue stream, which has typically kept pace with consumer price index, through an annual budgeting process - regardless of vacancy rates.

The Owner is seeking the sale of the company in its entirety as a sale of shares comprised of all operating assets including real estate, furniture, fixtures, inventory, accounts receivable, company name, signage and goodwill for $460,000. With the exception of adequate working capital (which is defined as current assets less current liabilities as reported in the March 31, 2015 balance sheet), cash and cash equivalents will be excluded from the sale. Replacement building appraisal is $830,000.

An equity investment of approximately$150,000 is anticipated, with bank and seller financing available to qualified buyers.

Posted Mar 26, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.