DescriptionSummary:
Business Price: $1,500,000
Real Estate: $8,000,000
OWNER OPERATOR IS SEMI-ABSENTEE
ASSISTED LIVING AND MEMORY CARE
44 UNITS WITH 86 LICENSED BEDS
YEAR BUILT: 2001
MONTHLY GROSS REVENUE: $311,030**
MONTHLY NET/SDE: $39,500**
AVERAGE REVENUE/RESIDENT: $4859.84**
**as of 8/31/2023
The 44 unit facility boasts a total licensed bed capacity of 86 under semi-private occupancy conditions but more typically runs at 68-70 beds when allowing for private room occupancy. The facility is separated into 4 separate cottage-style buildings with two lock-down dementia cottages comprised of 12 units each and two assisted living cottages comprised of 10 units each. Each cottage is approximately 4300 square feet in size. The facility was built in 2001 and has been well maintained to ensure that it remains serene for its Residents. The Facility has lush landscaping and park-like grounds proving a tranquil and peaceful environment for residents to enjoy the 9-acre campus.
The rates are very competitive with the market for Assisted Living and Memory Care and there is room to increase rates in 2024. The Facility takes part in the State of California Assisted Living Waiver Program and occupancy is nearly always in excess of 93% with little to no advertising or marketing required. Long-term stable management with the opportunity for additional operating efficiencies, cost management, and automation.
All interested and qualified parties are invited to request more information and complete an NDA. Respond to this posting and you will receive an NDA via email ready to complete online.