Social Adult Day Care - 34896

Financing

$600,000 Down and

Business Description

Newly licensed and established (mid- 2021) Social Adult Day Care Facility (SADC). Ten (10) current members and 10 new members are pending. Currently one shift (morning) four days per week will expand as more members are added. DSS is the primary payor with others pending. Provides tele- health services for some members at the same rate as in person visits. Current weekly revenue is $2,200 per week and growing. Separate license and rate with DSS for niche member population. Rates will go up when the contract is completed. Hard to obtain License covers the entire state of Connecticut (all 5 counties) but the business is currently active in only three counties. License allows a new buyer to expand and add facilities to the entire state. Meals are catered in. Rent is $6700 which is shared with a Home Care Agency (Opened 2021), which is separately offered for sale (listing # 34897). Cost $300k to build out in mid-2021. Long lease. Fully integrated software is provided by the state Sundata -Ct and CTD SMAB. Much of the staffing is provided by unpaid volunteers. Gross sales of $110,000 in the business profile is conservatively projected based on current weekly billing and owner net income of $60,000 is also conservatively projected for 2022. There are NO NET INCOME representations. The $60k owner cash flow in the profile is projected. Seller seeks buyers who can provide proof of funds and more importantly, has relevant industry experience. The owner must approve release of the name and location of the SADC to a buyer. This is required for the name and location of the SADC and a call or meeting with the owner. Buyers should also consider the purchase of the co-owned and co-located Home Care Agency-LHCSA (Listing # 34897). LHCSA and SADC are complementary to each other. Contact broker Joseph Stansky at 631-383-3109 for more details on this business.

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