Two Adult Day Care Centers for Sale in NY - 33049

Financing

$2,200,000 Down and $600k over 3 yrs @5%

Business Description

Large Bronx and Rockland Adult Social Day Care Facilities Over a dozen top MLTC contracts in place. Free help by social workers to obtain Medicaid and Long-Term Management. RN on staff per diem in both locations. Fitness/recreation, arts and crafts, entertainment, shopping and nature day trips, medication reminders, Dancing and music, salon and barber services, etc. Planned program of activities. Safe, supportive and cheerful environment. 8 years left on lease. With MLTCs in place a buyer can move the location or open additional locations. Illness of one of the partners forces sale of this extremely profitable business. Seller requires a buyer will first provide a brief bio of themselves with some experience in the medical field. I would also like to have proof of funds before having a conference call, meeting, or inspection of the facilities. Bronx: Established 6 years. Over 165 participants with over 500 visits per week. 2 shifts - Russian members in the morning and Spanish in the afternoon. Cost $300k to build out. Medical offices next door. 12 employees. Bilingual staff. Serves all of the Bronx including Coop City, Riverdale, Washington Heights, etc. Has members in Bayside. Over a dozen MLTC contracts including 6 with VNS send clients every month. 4,500 sq. ft. Clean audits. All family services provided. Includes 6 passenger vans and one wheelchair van. Catering food cost is $7-9 per day. Cost 1.5m to build out. Can be absentee for new owners. Great Manager in place. Nets over $500,000. Rockland: Approx. 95 members. Bills for over 300 visits per week. Established 8 years. Cost $150k to build out. One shift with opportunity to add second shift. 6500 sq. ft. 12 years left on lease- $8k month rent. On main Rockland roadway in the center of town. Spanish, Indian, Russian, Haitian members. Multilingual staff. Owners are working on 2nd shift for special needs members. 2nd floor could be rented to doctor or physical therapist, etc. that can provide services to members. Uses My Ability Network software which is fully integrated with MLTCs and Medicaid. Can quickly upgrade to HHA Exchange Software. Clean audit and site visit history. Can expand service to the whole county and add facilities. 1 to 8 ratios. Billing done in house weekly. Health issues of one partner forces sale of both facilities. Great Activity director ($22 hr.). Active owner operator could expand marketing and add a second shift and open other facilities Nets 0ver $250,000 per year. Needs owner operator. PROOF OF LIQUD FUNDS AND RELEVANT BUSINESS EXPERIENCE is required for the name of the business and a meeting with the Seller. This business is NOT bank financeable.Seller to keep the Accounts Receivables. Contact broker Joseph Stansky for more information at 631-383-3109.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.