Embed Size (px)
Citation preview
Assisted Living Facility
Birdy
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL 2
CONTENTS
1 Property Summary
2 Financial Analysis
3 Market Information
3
11
15
24
Page
4 Schedules
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
1PROPERTY SUMMARY
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
Address: 8117 N 11th street, Tampa FL 33604
Area: Sulphur Springs
Lot Size: 0.11 AC | 4,750 sq ft | 441 m²
Zoning: PD (Planned Development, Congregate Living Facility: group care facility, large)
Buildings: 1 story | 2,684 sq ft | 8 bedrooms | 5 bathrooms | 1 office
ADA compliance: Yes
ADA showers: Yes
Ramps: Yes
Parking spaces: 29 spaces | 8,616 sq ft
Plans approved: Yes
Renovation: Purchaser needs to install new fire alarm system and sprinkler system to obtain the ALF licenseEstimated cost: $20,000
1
6
PROPERTY SUMMARY
Information
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
1
8
PROPERTY SUMMARY
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
1 PROPERTY SUMMARY
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
1 PROPERTY SUMMARY
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
1 PROPERTY SUMMARY
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
1
10
PROPERTY SUMMARY
FLOOR PLAN
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
2FINANCIAL ANALYSIS
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
2
13
FINANCIAL ANALYSIS
-Number of beds: 8 - Approved by City of Tampa
-Housing Income: $2,000 including Rent + Food - Very conservative
-Care Service Income: $100 per month - Very conservative
-Caregivers: Number of hours: 212 hours/week (required by ALF regulation)
Salary: $11/hour
Assumptions
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
2
14
FINANCIAL ANALYSIS
Pro Forma
Rent per bed: $2,000
Care Service: $500 per resident
Occupancy: 90%
Revenues
Rent Income $192,000
Care Service Income $48,000
Physical Vacancy ($24,000)
Gross Profit $216,000
Expenses
Salaries & Wages/ staff ($121,264)
Payroll Taxes, Insurance & Benefits ($24,253)
Food ($18,000)
Repairs & Maintenance ($1,000)
Property Insurance ($1,200)
Marketing Expenses ($1,000)
Supplies Expenses ($2,000)
Taxes ($6,650)
Utilities ($4,200)
Total Expenses ($179,567)
Net Operating Income $36,433
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
3MARKET INFORMATION
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
• Tampa is nationally recognized as one of the top U.S. cities to retire.
• Sulphur Springs is less than 5 miles from the top areas of Downtown, Ybor and Hyde Park.
• Sulphur Springs sale prices increased by more than 69% in five years and rental prices keeps growing.
• Monthly rent in assisted living facilities in the Tampa area vary from $1,950 to more than $4,000 per month for housing and food. Care services are usually extra (between $500 and $1,500).
3
18
MARKET INFORMATION
Highlights
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
3
19
MARKET INFORMATION
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
3
20
MARKET INFORMATIONTampa is considered as the second best U.S. city to retire following the yearly WalletHub ranking.
WalletHub compared the retiree-friendliness of more than 180 U.S. cities across 46 key metrics. The data set ranges from cost of living to retired taxpayer-friendliness to availability of recreational activities.
TAMPA, SECOND BEST US CITY TO RETIRE
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL
3
21
MARKET INFORMATION
Sale Price in Sulphur Springs Rental Price in Sulphur Springs
Sale and Rental Prices
3 MARKET INFORMATION
BIRDY
BUSINESS & REDEVELOPMENT PLAN | STRICTLY CONFIDENTIAL 23
Hot areas
