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.
Asking Price $460,000
Sales Between $100,000 and $500,000
Profit Less than $100,000
You May Also Like
Great Home Care Service Franchise #455626 posted Oct 11, 2016
- Plymouth County, Massachusetts, United States
This is a very well established Home Health Care franchise, with a long history of providing reliable and quality care in an affluent community on the South Shore. The franchise is extremely well known nationwide for quality training, responsive support, strong management systems and reasonable franchise...
Urgent Care Ambulatory Center Business For Sale #397923 posted Jan 8, 2016
- New Haven County, Connecticut, United States
Turn-Key Upscale Urgent Care Clinic Ambulatory Center Business For Sale By Motivated Seller For Only $669,000! This is a phenomenal deal for 2016 and is being offered at asset value. This center was built in 2014 to handle all aspects of urgent care and primary care since 50% of their patients did not...
Behavioral Health - Treatment Facility #455144 posted Oct 3, 2016
- Fairfield County, Connecticut, United States
Accredited by CARF and licensed by CT Department of Health to provide day and evening treatment for mental health and substance abuse and intensive outpatient services for mental health and substance abuse which includes individual psychotherapy and medication management services. This facility also...
Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.