This is a RCFE a residential care facility for the elderly. It is licensed for 6 beds. It is fully equipped and furnished and runs like a well oiled machinery. It has all the employees in place and has been operating successfully for a period of 22 years. This is a four bedroom two bath single level house in a great neighborhood in Fountain Valley, Orange County, CA.
It also has a separate care giver's room as well. It has two private rooms and two shared. Currently they have 5 residents. It grosses approx $12,000 per month and a P& L will be furnished for the buyer.
This has been established for about 22 years and has been with the current owner since its inception.
It is located in a very desirable part of Orange county next to Huntington Beach. They charge a monthly fee and that includes room and board, three nutritious meals a day plus snacks, housekeeping, linen changes etc. They charge extra for assisted living service such as medication assistance, personal grooming and dressing , incontinence and bathing, daily ambulating, personal laundry etc.
They have two care givers and also a substitute care giver. The owner works part time and is the administrator. You need to have an administrators license to run an RCFE. If you do not have that license you have to get one from the State. The owner will work with you till you get one. It is not difficult at all. This is a recession proof business with an aging population. The demand for assisted living is growing by the day. Ten thousand people turn 65 every day in the USA.
The Owners are extremely motivated and would offer training and counselling and a smooth transition.
The price allocation is $825,000 for the real estate and $75,000 for the business. It includes all furniture, equipment, clients, goodwill etc.
This is very good price. There are current comps on the real estate that would include both real estate and business on this deal. This is a STEAL!