Turnkey Two-Facility ICF (Business Only) **Sale Pending** - Business for Sale
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Two Intermediate Care Facilities in Kern County, CA
CA, US
Added 2 months ago
Intermediate Care Facilities (ICF)
Under Contract
The business operates two licensed intermediate care facilities for individuals with developmental disabilities in Kern County, CA, with a combined 12-bed license and Medi-Cal certification.
Key Information
Asking
$1.1M
Revenue
$1.6M
Earnings
$360K
Multiple
3.2x
Key Highlights
- Adjusted net operating income is $360,000 with add-backs.
- Combined 12-bed license across two Intermediate Care Facilities (6 beds per facility).
- Average occupancy is 91% (11 of 12 beds) over the last 15 months.
- Current Medi-Cal reimbursement rate is $420+ per resident per day.
- Long-term leases in place: $2,021/month for Facility #1 and $1,700/month for Facility #2.
- Optional transportation assets include two Ford Transit wheelchair vans (2018 & 2023) valued at approximately $85,000.
Contact Info
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