This is an ongoing RCFE which means Residential Care facility for the elderly. It is licensed for 6 beds . The price is $750,000 for the real estate and $40,000 for the business. Currently it has no residents but all the licenses are active and is still a functioning assisted living facility. The property is easily valued at $750,000. All the comps for similar houses in the area will be provided to the prospective buyers.
The facility was started in 2007. This is located in a very quite neighborhood on a wide street lined with trees. It has approximately 2600 sqft living space on the main floor and has a small built in area upstairs. The downstairs has a living room, family room, a formal dining area and four bedrooms and three bathrooms. The upstairs is about four to five hundred sqft and has two small bedrooms and a small living area.
The owners live here and took care of all the residents. Both husband and wife are administrators and were also care givers. They never took in more than three to four people at a time. This business was to help supplement their income.
It has a huge corner lot approximately 11,000 sqft and is one of the largest lots in the housing tract.
This is an ideal property for someone who is looking to start or some one that is looking to expand and buy additional facilities.
It is already a functioning facility and the new owner can start from Day one and work the business under an Interim Management Agreement that allows the new buyer to run the facility till they get their new license. This is pretty standard in the industry. You don't have to wait for 9 months to obtain a license. This is the benefit of buying an existing facility. Most of the furniture , appliances, utensils, hospital beds , wheelchairs are included.
They were getting between $3,500 to $4,000 per person for shared room and $5,000 for private room. Has potential for very profitable business for motivated and self directed buyer.