Jim Span, Business Broker
The Chase Group
Residential Care Facility For Elderly (RCFE) for Sale
Asking Price: $ 1,800,000 w/ Real Estate
Status: Under Agreement
Location: San Diego east county
Down Payment: $ 1,800,000
Total Sales: $ 698,701
Discretionary Earnings: $ 141,835
This quaint, country style home offers a warm and welcoming environment to residents with Alzheimer’s and Dementia. Nestled within an east county neighborhood yet very close to town, the facility specializes in dementia/memory care which distinguishes it from general assisted living homes. In-house standards exceed the state requirements which has contributed to over 26 years in business without a complaint filed with the State of California! The property is for sale for $1,400,000 plus the business priced at $400,000.
There are 3 buildings that sit on approximately 1 acre of land.The front house – 2,300 sq ft, the back house 2,200 sq ft and the office apartment 900 sq ft. (all approximate, total square footage from real estate appraisal is 4,954). There are 12 rooms and 15 beds to rent. The facility is licensed to serve nonambulatory elderly residents ages 60 and above, 6 of whom may be on hospice.
Competition / Market Info
Although there are other assisted living facilities in the general area, few if any specialize in dementia/memory care.
According to the Assisted Living Federation of America. growth in the population of adults aged 65 and older and an increase in the average age of this group will strengthen industry demand. As people age, they require more assistance with the activities of daily living, such as bathing, eating and dressing. The number of adults
aged 65 and older is expected to increase, representing a potential opportunity for the industry.