$650,000 Assisted Living Facility
We are pleased to introduce a 15-Bed Assisted Living Facility that is for sale in Central Coast, California. The facility has been in business since 1999 and is licensed with the California Department of Social Services. Their services include professional services, medication management, home cooked meals, and much more. They also specialize in Memory and Dementia care.
Their business mix is approximately 75% Private Pay and 25% LTC. Their current census is 12 with a capacity of 15 beds. Historically adjusted EBITDA has hovered around 40%. In 2016 they will generate approximately $650,000 revenue with an adjusted EBITDA of $260,000 (40%).
In order to retire and pursue other business endeavors, current ownership has decided to sell. The rest of the staff and caregivers are available to continue working with a new owner. The asking price for this opportunity is $2.2 Million (based on a 11.8% cap rate), which includes the real estate.
15-Bed Assisted Living Facility located in San Luis Obispo, California
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