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  • Listing No.: 200-20685

  • Category: Practice Sales - Medical/Dental/Vet

Asking Price $6,895,000
Down Payment
Gross Revenue $6,716,863
Total Adjusted Net Income $3,705,274
Equipment / Fixtures $15,000
Year Established 2015
General Location
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There are a total of 4 Intellectual Disability  group homes in the Hampton Roads area.  The business provides 24 hour nursing care to the patients that live in the homes.  The fees for the patients are paid through Medicaid.  In 2021 one of the houses opened in May, and a second opens in August.   The real estate is not included.  The Sellers currently only invest about 20 hours a week on the business and that has primarily focused on expansion.  There are several key employees that ran the day to day operations and are in charge of the nurses.   The 3rd home that opened in May is already full, and the 4th home once opened in Aug the business will be projected to be at revenues of $6 million and a profit of $3 million.

Gross Revenue $6,716,863 Listed Price $6,895,000
Total Income $3,705,274 Down Payment
Base Rent Square Feet
Total Rent Lease Expiration
Rent Deposit $19,228 Lease Options
Inventory Not Included Leasehold Improvements $198,000
Equipment / Fixtures $15,000 Other Assets Tractor $10,000
Full-Time Employees 40 Training Period 2 weeks
Part-Time Employees Special License Required Intellectual Disable/Developmental Residential Community Waiver License
Contract Staff Reason for Selling Other Opportunities

The information contained herein was received from the Seller and is deemed reliable but not guaranteed. First Choice Business Brokers (FCBB), has relied upon the Seller to provide the above details and has NOT verified this information. FCBB is not responsible for and does NOT warrant any statements, projections or any information provided by the Seller. The User/Buyer will be solely responsible for verification of the Seller's profits and business operation. By acceptance of this document, the Buyer/User agrees that all information contained herein is strictly confidential and will not be disclosed to any other party without prior written authorization. The Buyer/User confirms and understands that FCBB has NOT performed an independent investigation of the business or figures quoted herein.

FCBB strongly recommends that a Buyer should seek legal and accounting advice prior to purchasing a Business. Any change to the above information requires both the Seller's and FCBB's written approval. Any change made to this document without FCBB and Seller approval is not valid.

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