Assisted Living Facility Located in Historic Virginia Locale with Sale Including Real Estate and Rental Units

Long Term Care

American HealthCare Capital is proud to introduce an assisted living opportunity including an unencumbered, 12,300 square foot facility and five acres of land in a historic city in Virginia. Located just ten minutes from a major medical center, the facility has nineteen private and semi-private bedrooms and has an average census of 23 residents. Providing a premium lifestyle, they supply residential care ranging from level 1-3, medication management, the support of two LVNs, home health and hospice services, and full transportation services.

The company pays rent in lieu of a salary to the owner, and that amount has been reflected as an addback. Revenues in 2017 were $943,000, with revenues of $983,000 in 2018. In 2019 revenue was $1,118,000 with an EBITDA of $303,000. The facility, including the land, is worth a minimum of $1.8 million to $2 million. In addition, there are two apartments that could be rented at fair market value for approximately $1000 and $1500 monthly, adding $30,000 per year to possible earnings for the new owner. The company is 100% private pay.

They employ a staff of 15 and all are expected to stay on under new ownership.

Asking Price for this opportunity is $3.1 million.

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.