Residential Care Home
Location Arkansas,United States
Asking Price Range $250K - $500K
Gross Revenues $200000
Net Profit / Cash Flow $140000
Cash Flow Type EBITDA
Seller Finance No
Year Established 2004
Number of Employees 1 - 3
Inventory 25000
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Family.
Description Profitable and licensed Residential Care Home for senior citizens providing room, board, and assistance with personal care. This 3,000 square foot facility was built in 2004 on 3.5 acres of quiet country land. Clients are all private pay; however, new owners can opt to offer Medicaid beds at their own initiative. Private rates range from $1,800 - $2,600 per month. The home is designed for 7 private resident rooms and a director's living quarters (which includes generous bedroom, living room, bathroom, walk-in closet, private laundry, and private entrance). New owner may opt to convert the director's quarters into a double room for residents for additional income. The home is handicap accessible including a large wheelchair accessible shower. The home is complete with an intercom system, video surveillance/monitoring system, fire/heat/smoke alarm system, and is wired for an outdoor generator. Prime location, lots of retirees.
This business requires no previous experience and no medical license or experience. Very little competition. This home is one of only two licensed Residential Care Facilities in the county. Several of our residents previously resided outside of the county so the market is excellent within a large radius of the facility. Also, beginning July 2005 the Arkansas Health Services Permit Commission has placed a moratorium on all new Residential Care Facilities within the state of Arkansas; so no new competition can be built currently. Unlimited growth potential as the 65+ population continues to rise.
Facility might also be used as a group home, adult day care center, or half-way house. Contact for more information on this Residential Care Home business for sale.
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