MergerPlace

Residential Health Care Facility Newark

Newark, New Jersey (Essex)


  • Asking Price: $4,900,000
  • Gross Income: $163,646
  • Cash Flow: $83,646
  • Real Estate: $450,000
  • Inventory: $5,000
  • FF&E: $60,000
  • Listing ID: #210268
  • Established: 1990
  • Employees: 5/FT 1/FT

Business Description

This facility services seniors who are in need of supportive long term care. Residence is licensed for 30 beds. Offered is a wide variety of social activities through an offsite day program, and all the comprehensive services of a larger facility, while maintaining the setting of a small home. Residential options include short term and long term stays in both private and semi private room.The facility has a stair lift for patients; set up for automatic payment.The facility is licensed by the NJ Div.of Community Affairs.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: New Jersey
Metropolitan Area: Newark
County: Essex

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: Yes
Number of Employees: 5/FT 1/FT

Financial Information

Asking Price: $4,900,000
Gross Revenue: $163,646
Cash Flow: $83,646
FF&E: $60,000
Inventory: $5,000
Real Estate: $450,000
Seller Financing Available: No

Property Information

Facilities:

Private victorian mansion, double house. 11 bedrooms, 6 bathrooms, 2 living rooms, dinning room, kitchen.

Growth & expansion opportunities:

Become providers with managed care organizations that service medicaid population.

Competition:

Population is living longer and in need of senior care

Reason for selling:

Retiring

Support & Training:

30 days

Contact Business Seller

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Business Listed By:

Kate Costello

Capital Business Solutions