Social Adult Day Care - 35105

Financing

$3,000,000 Down and $600k over 2 years @ 6%.

Business Description

This is an exceptional opportunity to own a premier Social Adult Day Care (SADC) facility in New York City. Established for 13 years and recently renovated, this 10,000 sq. ft. facility spans two floors with an elevator, and is situated in a densely populated neighborhood. It holds 13 major, hard-to-get MLTC contracts and has 270 active in-person members, with 620-650 visits per week and growing. Operating 7 days a week with two shifts daily, the facility transports members from Brooklyn, Queens, and Manhattan via 10 vans (5 owned). It boasts large activity rooms, individual service rooms for computers, arts and crafts, salon, games, quiet rooms, and event spaces for activities such as meet-and-greets with local leaders and trips. Meals are catered or prepared in the on-site kitchen, supported by 15 staff members, and ADS software fully integrated with Medicaid/MLTCs. Financially, the facility achieved an average weekly billing of $51,000 in 2022, with a gross revenue of $2,694,000 and a recast owner net profit of $621,900 (23% profit margin). Projections for 2023 show an average weekly billing of $65,000, with an annualized gross revenue of $3,380,000 and a projected net profit of $777,400 (23% profit margin). The seller will retain accounts receivable, and no bank financing will be considered. Buyers must provide proof of liquid funds of at least $2 million and demonstrate a background in senior care or a related healthcare field to receive the business name, location, and a call with the owner. Financials will be disclosed only after this call. For more information, contact broker Joseph Stansky at 631-383-3109.

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