Listing ID: 67682
Fantastic investment opportunity for individual providing senior care or nursing.
Well established 8 bed long term assisted living facility with completely skilled staff.
Owner operated business, seller will train.
- Asking Price: $952,308
- Cash Flow: $108,000
- Gross Revenue: $442,000
- EBITDA: N/A
- FF&E: $30,000
- Inventory: $1,000
- Inventory Included: Yes
- Established: 2008
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,719
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Single detached home on approx. ½ acre – Rambler - Built 1989 – 8 bedrooms 4 ½ Baths Licensed for 8 beds.
Seller will train
The business was started in 2008, making the business 14 years old.
The sale shall include inventory valued at $1,000, which is included in the suggested price.
The business has 10 employees and is located in a building with estimated square footage of 4,719 sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons why people resolve to sell operating businesses. However, the true factor and the one they tell you may be 2 totally different things. As an example, they might claim "I have way too many other obligations" or "I am retiring". For many sellers, these reasons stand. But also, for some, these might just be justifications to attempt to conceal the reality of altering demographics, increased competition, recent decrease in incomes, or a range of other reasons. This is why it is extremely vital that you not rely totally on a vendor's word, but instead, use the seller's solution along with your general due diligence. This will paint a more reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which lots of businesses are, then you will certainly need to consider this when valuating/preparing your offer. Numerous businesses borrow money in order to cover things such as supplies, payroll, accounts payable, etc. Bear in mind that in some cases this can suggest that revenue margins are too thin. Lots of businesses fall into a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may additionally be future commitments to consider. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with vendors that must be satisfied or might result in penalties if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do businesses in the area attract new customers? Many times, businesses have repeat consumers, which form the core of their day-to-day revenues. Certain elements such as new competition growing up around the location, roadway construction, and also personnel turnover can influence repeat consumers and adversely affect future incomes. One important point to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Undoubtedly, the more people that see the business on a regular basis, the better the chance to construct a returning client base. A final idea is the basic location demographics. Is the business located in a largely inhabited city, or is it situated on the outskirts of town? Exactly how might the neighborhood typical home earnings impact future revenue prospects?