[Calc Review] Help me analyze this Assisted Living Facility deal

[Michael Waite]

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Price includes real estate and ALF business. Manager in place for 9 years. Current year results reflect transition to a more attractive tenant base, approval for an additional 6 residents and compliance with certain regulatory requirements.

The company is owned and operated as an assisted living facility that operates 6 of its 16 licensed beds. At this time the company primarily serves adults with limited health needs. Nearly all of the residents receive public assistance, with their rents being paid through a combination of SSI payments, Medicaid and Waivers (subsidies from financial providers).

The company has operated continuously as an ALF for over 9 years. Built in 1952, the facility underwent extensive renovations over the last 3 years and has been maintained in accordance with both Florida and federal regulations.

Centrally located in the heart of Miami, on the edge of the affluent Coral Gables neighborhood. It is situated on a large corner lot on the well-known Calle Ocho, which has experienced significant commercial development and tourism growth in recent years.

Purchase price includes the operating business of the licensed 16-bed ALF, as well as all real estate, furniture, fixtures, equipment, and intangible assets, which includes license, goodwill, referral sources and other assets.

More detailed information memorandum available to qualified buyers. 

[Gene Guarino]

operates 6 of their 16 beds...is it actually licensed and approved for 16?  If so, that is a significant difference than something the new owner could potentially do.  SSI and Medicaid is not the best market to focus on.  If they are able to transition to private pay and get higher rates, there may be a play involved.

I am not clear though.  Are you looking to buy it?  Broker it? or?

G