FEAST ON A DURABLE ASSISTED LIVING LOCATION!

Business Opportunity for Sale
Catylist Listing ID: 30336059
Property Subtypes: Health and Medical
Building Size (RSF): 7,352 SF
Sale Price: $600,000
Name of Establishment: Jim Wood Home
Year Business Established: 2011
Gross Revenue: $375,000 (Annual)
Cash Flow: $250,000 (Annual)
Cash Flow Type: EBITDA
Living Accomodations: Yes
Sale Terms: Ownership will either sell or lease real estate. The lease back asking price is $8.000 per month. The current asking price for the real estate is $1,250,000.
Last Updated: 11/18/2018

Overview / Comments

The market demand and growth rate for senior related services is in demand anywhere you go. The Assisted Living industry is most notably taking off and has been for some time. However, other opportunities also exist in skilled nursing and memory care as the baby boomer population grows. This investment scenario truly has the ability to make your opportunities more value and integrate a wide variety of senior related services. The location itself is a 15 Bedroom & 15 Bath fully operational assisted living facility with sound revenues and annual income. It is also certified for skilled nursing if desired. The layout would also lend itself to the addition of memory care services if desired. They currently offer 10 private rooms generating $2,500 per month per resident and 5 shared rooms generating $3,000 per month. It is one of the few local area facilities with full Medicaid credential and reciprocates with all the major area insurance carriers including Blue Cross & Blue Shield, Presbyterian Health Care, United, and Molina. Due to the superior staff, high level of service and other factors, it has done an outstanding job attracting residents from rural areas in close proximity, Truth or Consequences and beyond. It's unique location makes it very convenient for those who choose not to make the drive to larger markets such as Las Cruces and El Paso. It truly has a personal and local touch. An assumable loan is also available with favorable terms and a modest interest rate. The overall site layout also lends very well for a wide variety of expansion options and the ability to add services of multiple types. This truly could be an opportunity to capture a unique customer audience and grow revenue substantially. The ownership will either sell or lease the real estate pending the investment preference. Give us a call to discuss.

Additional Details

Nearest MSA: Las Cruces
County: Dona Ana
Industry Segment: Long-Term Care Facilities
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $125,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Will lease real estate for $8,000 per month. The asking price for sale purposes is $1,250.000 for just the real estate solely.

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Demographic Statistics

Proximity: 3 miles 5 miles
Total Population: 1,068 4,294
Median Age: 32.24 30.93
Households: 334 1,291

Contact

Photograph of Listing Agent

Kary Bulsterbaum

Steinborn/TCN Commercial Real Estate
The information presented herein is provided as is, without warranty of any kind. Neither Commercial Association of REALTORS® - New Mexico nor Catylist Real Estate Software, Inc. assume any liability for errors or omissions.