Available for acquisition is an assisted living operation located in a desirable region of New Hampshire. Housed in two facilities within close proximity, the business currently has 35 beds with room for expansion. The facilities are licensed by the Department of Health & Human Services as ‘Assisted Living Residential Care Facilities’. The operation cares for residents with varying abilities and the business’s payer mix consists of Medicaid and private pay.
The business has been caring for residents under current ownership for approximately 20 years. It is known for providing quality care. Sales for 2016 amounted to $1,145,189. Ownership is confident there are continued growth opportunities within the current service area. The facilities are currently operating at 70% of their capacity due to the owner’s choice. The operation provided $450,000 of discretionary earnings in 2016. There is also space for an additional six beds that is approximately 75% completed. This will enhance the growth opportunity of the business.
The seller is looking to focus on retirement, but is willing to accommodate a transitional period as needed. There is a full complement of staff available to continue working with a new owner.
The business and related property are being offered as a combined package.