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The Cooke's Private Nursing Home
6616 Paseo Redondo, El Paso, TX 79912
Private Nursing Home with Impressive Balance Sheet
Last Verified 7/19/2010
Listing ID 14909385
Highlights
Tremendous Cash Flow- Strong Balance Sheet
- Very Strong Upside Potential
- Priced Below Income Value
- Low Maintenance
- High Demand for this type of business
Description
If your looking to purchase an established Private Nursing Home with an exceptionally strong balance sheet, this is an opportunity that you must move on TODAY. This business is about 5 years old and presently has 4 Tenant/Patients and the present gross income is $102K. The NOI is about $58,696 or $4891 pre-tax profit monthly. Licensing is required for both City & State Agencies but present owner is willing to assist new owners to obtain the required licensure and will assist in making a smooth transition from one owner to the new owner to maintain tenant/patient relationships. Present Owner does have a strategy to increase the patient load to 7 if a new owner is willing to do what is required to maximize the business potential. Also included in this sale is a 4BR/2 bath ranch style home which is ADA compliant. Sales Price does not reflect additional income sources that can be generated by selling patient supplies that are required by some or all patients. This EXCEPTIONAL INCOME OPPORTUNITY IS AVAILABLE FOR AN INVESTOR WITH NURSING HOME EXPERIENCE LOOKING TO EXPAND! Only $450,000, price below income value. SELLER MOTIVATED!!
This property is located in a upper middle class neighborhood of El Paso, Texas which is the 5th largest city in the State of Texas. The Greater Metroplex of El Paso encompasses El Paso; Ciudad Juarez, Mexico; Las Cruces,NM; Alamorgordo, NM; & Fort Bliss,Texas which is the largest military base in North America. The population of the Greater El Paso Metroplex is about 2.3 million within a 50 mile radius of Downtown El Paso, Texas. With the Baby Boomer population growing older and ready for retirement, the growth potential of this type of business is growing by leaps and bounds. If your looking to own your own business or wanting to invest in one, this opportunity knocks for those who will open the door and walk thru. P&L's and Proforma's available for serious inquiries.
Map of 6616 Paseo Redondo, El Paso, TX 79912 (El Paso County)
Created 12/5/2006
Additional Information for 6616 Paseo Redondo Avenue, El Paso, TX 79912
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The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P