Thriving Adult Day Care Center in Population Dense Area For Sale
Turn-Key Business with Predictable Cash Flow
Listing Number: 1654
Asking Price: $1,650,000
Gross Revenues: $1,534,000
Cash Flow: $618,000
BayState Business Brokers is pleased to present an established and thriving adult day care center located in a populous area of Rhode Island.
The adult day care industry is growing in response to an aging population. The number of adults in the United States aged 65 years and older is growing at an annual rate of 3.2% while the general population is growing at an annual rate of 0.7%.
This business provides structured daytime services to high-functioning adults with medical, social and behavioral needs in cooperation with their families and/or with other professionals to optimize quality of life. Program participants are helped with daily routines to attain their own care-plan goals through a variety of activities while guided by trained staff.
The founder works approximately 25 hours per week and, as director, is responsible for operational oversight and marketing. The founder does not have a background in this field and is selling the business to pursue another career change. The founder wishes to transition ownership to a caring professional that can take this in-demand business to the next level with the best interest of program participants as the top priority.
The ADA-compliant space was recently built out; the landlord knows the business may be sold and will offer the buyer a favorable long-term lease. There is room to expand in the building as well. All inventory, furniture, fixtures and equipment are included in the asking price. The financials are clean with high profitability shown on the tax returns.
For serious qualified buyers, on-site tours will be made available outside of regular business hours.
Support & Training: The seller will provide necessary support and training.
Reason Selling: To focus on other business interests