Highly Successful 10 Bed Assisted Living Home for Seniors for sale in AZ

Business Summary:
10 Bed Assisted Living Facility in Casa Grande, AZ. Turn Key operation. All beds full with private pay residents. With 10 beds full, Gross Income is $302,400 annually. Total expenses (including mortgage and payroll for 5 employees) is $145,596 per year. Net $120K+ (before personal income taxes) your first year. Commercially appraised at $615,000. Owner wants to retire and has significantly discounted for quick sale. A real money maker. Figure an average of 9 beds full at all times. The commercial appraisal of $615,000 is very conservative and is based on an 8 bed fill rate, so CAP rate is much higher with the 9 bed fill rate owner has experienced. Owner will teach you all of her contacts and referral sources for keeping beds full without having to accept ALTCS (welfare) residents who only pay 60% of actual costs. In 14 years of operation, current owner has always filled her beds with Private Pay residents who pay for full cost of care. Find facility on Loopnet in Casa Grande, AZ.