Central MA Rest Home, w/Real Estate Included
Location: Massachusetts > Central Massachusetts
Industry: Health and Medical > Long-Term Care Facilities
Financials
Asking Price: $2,375,000
Gross Revenue: $1,040,000
Inventory: (Included in Asking Price)
FF&E: (Included in Asking Price)
Real Estate: $1,500,000 (Included in Asking Price)
Seller Financing: Seller will negotiate financing
Business Summary
Level IV Rest Home with capacity to modify to alternate uses such as alzheimer's locked unit, add adult day care, etc. The real estate valued at $1.5MM is included in the sale price.
This is NOT skilled nursing. No required administrator's license, RN's or LPN's to staff. Business operates with RP's (Responsible Persons) and CNA's with a minimum of a LPN reviewing charts 4 hours a month.
Quality contruction with recent $250,000 remodel to decor and systems. One of only a few in the state built to this size and specs. MA is has also mandated a moratorium on any new skilled nursing or level IV rest homes for the foreseeable future. This has been going on for 6 years. Only way to enter this market is to make an acquisition.
Please contact to receive CA for signature to receive full write-up on the company.
This is NOT skilled nursing. No required administrator's license, RN's or LPN's to staff. Business operates with RP's (Responsible Persons) and CNA's with a minimum of a LPN reviewing charts 4 hours a month.
Quality contruction with recent $250,000 remodel to decor and systems. One of only a few in the state built to this size and specs. MA is has also mandated a moratorium on any new skilled nursing or level IV rest homes for the foreseeable future. This has been going on for 6 years. Only way to enter this market is to make an acquisition.
Please contact to receive CA for signature to receive full write-up on the company.
About the Business
Year Established: 1974
Employees: 12 full time - 3 part time
Facilities: 23,000 sq. ft. building; included in sale price
About the Sale
Management Training and Support: Seller will provide training
Reason For Selling: Retirement
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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