Business Summary:
This medical adult day care center has been operating in the city for the past 10 years. The majority of the income is derived from the State of MD Adult Day Care Program, which pays $72 per day per client, plus a food allowance. The center is currently operating at half of its licensed capacity, and it is still providing a substantial benefit to the owners.
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| Year
Business was Established: 1998 |
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| Number of Employees:
22 |
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| Facilities / Terms of Lease:
The adult day care is housed in a 13,000 square foot building that is in generally good condition. It has oil heat, a new air conditioning unit, full kitchen and can park 10 cars on a small side lot along with street parking. The rent is $5200/Month NNN and is subject to a lease. |
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| Potential
Growth/Expansion:
The facility is currently licensed for 133 but has 60 clients. More clients are needed to make the business more profitable. A new owner should make it a priority to increase the census in order to maximize the income potential. |
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| Competition:
There are 10 like kind businesses in the city. Vans transport clients from their residences. |
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| Owner
willing to train:
The owner will offer 2 weeks training plus the employees wish to stay and can help with training. |
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| Reason for selling:
The owner has other business interests. |
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Seller Reference Number: AW-78
BusinessMart.com Listing Number: 44121 |
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