American HealthCare Capital is pleased to introduce an Assisted Living Facility for sale in the greater Houston, Texas area. The facility consists of 3 buildings with a total of more than 23,840 square feet on over 5 acres. It is licensed for 46 beds.
The facility’s business is 100% private pay. Gross revenues have been consistent in the $1 million range over the last 4 years. However, revenues dropped to the $800,000 range in 2019 because the owners closed one of the buildings in mid 2019 with plans to remodel and reopen as an independent living facility. The sellers feel there is room for growth with more marketing. At this time they are focused on other business ventures and have therefore opted to sell.
There is a full complement of staff available to continue working under new ownership. The asking price for this opportunity is $2.8 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.