Adult Day Health Care Services
Location California,United States
Asking Price Range $500K - $1.0M
Gross Revenues $1070000
Net Profit / Cash Flow $100000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2003
Number of Employees 10 - 19
Inventory 3000
Relocatable No
Number of Employees 10 - 19
Real Estate Leased
Training 4 weeks at 30 hours per week following close of escrow
Reason for Sale Other interests
Description Profitable Adult Day Healthcare Center (ADHC) located in the Gardena-Torrance area is licensed for 100 participants. Fully licensed, the ADHC has been operating for 9 years, 7 years under the current ownership. The current average daily attendance (ADA) is 50. Annual revenue is $1.1 million with a net profit of $100,000. There is tremendous room for extra revenue if the ADA is increased to the 100 participants' capacity. There are about half a dozen HMO contracts in place that supply stable clientele. Owner works 2 days a week and management is in place to operate the ADHC when owner is not there. The participants are Hispanic, African Americans and Asians. Rent for the 6000 sf facility is $11,000 gross/month. Price is $900,000 that includes the vehicles. Seller is motivated. For more information, please contact Rashid Khalid at 818-342 5222 x324.
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