American HealthCare Capital is pleased to introduce an Assisted Living, Independent Living, and Memory Care Facility based in Mojave County, Arizona. This facility consists of 145 units with a total of 139 beds. There are 126 studio units dedicated to Assisted Living and Independent Living, of which 28 have adjoining doors to enable 14 one-bedroom units. They are licensed for a total of 119 Assisted Living beds. There are 19 Memory Care units, and they are licensed for 30 beds. This could be expanded to 38 beds if desired.
Gross annual revenues have averaged around $3.2 million but grew to $3.5 million during the last 12 months, largely as a result of growing their Memory Care census. Adjusted EBITDA before management fees and debt service has averaged $586,000 but grew to $725,000 during the last 12 months. A new owner could gain further census through Medicaid, which pays more than $2,700 per month. The facility has only 3 Medicaid residents at this time.
The seller is largely absentee and would like to continue focusing on other business interests. The staff is expected to stay on under new ownership. The asking price for this opportunity is $8 million, which includes the business opportunity and the real estate.
If you would like to learn more, please contact us for a Confidentiality Agreement that will allow us to share more detailed information with you.