Personal Care Home: Located in metro Atlanta established in 2009 as a 12 bed facility.
In late 2014 they built an addition to increase the license to 18. The demand was there and still is as this home stays at or near full. There is room to to another addition adding six or seven more beds. The revenue reflects the demand as it has increased from $195,000 in 2014 to $355,000 in 2016. The owner’s discretionary earnings are in the $85,000 range before debt service. A full time owner could add to that number. The owner has the Medicaid Waiver Program along with private pay residents. They are fully staffed giving the owner flexibility. They also have an RN on the payroll at $17,000/year as required by the CCSP. This is a first rate home with a solid reputation. We are asking $695,000 for the business and property.
Contact: Matt Wochele, CBI #404-863-2200.
Status: For Sale.