Business Overview

This is a very well established and well run Senior Living opportunity. There are over 50 beds. It has had the same owner for decades. They have received many awards for recognition of their commitment to a quality of life and care for their residents. The staff is long tenured and has a team that can lead any new owner where they want to go. This Senior Living opportunity has had an impeccable Covid 19 record. The property and business are for sale. The current owner has family commitments that will not allow them continued ownership. The property is park like and gives the buyer an opportunity to expand very easily. The property is measured in acres. Serious inquiries only. Financials are available upon request.

Financial

  • Asking Price: $3,000,000
  • Cash Flow: N/A
  • Gross Revenue: $1,800,000
  • EBITDA: N/A
  • FF&E: $500,000
  • Inventory: $20,000
  • Inventory Included: Yes
  • Established: 1950

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:N/A
  • Building Square Footage:25,000
  • Lot Size:N/A
  • Total Number of Employees:25
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

There are two current buildings on the site with room to build several more. There are offices ,living quarters, kitchen and dining space. The outdoor area is park like and really a great addition to the living quarters.

Is Support & Training Included:

Current owner will transition professionally as needed to create a seamless hand off.

Purpose For Selling:

Owner has family commitments that won't allow for future ownership.

Pros and Cons:

There are senior living opportunities all over the state. Most do not have the property and setting of this facility. The location is also attractive with the surrounding landscape and towns.

Opportunities and Growth:

This home can be expended to different levels of residents. This can be done with the current structure or can be added to with new facilities to house the private higher paying residents.

Additional Info

The venture was founded in 1950, making the business 72 years old.
The sale will include inventory valued at $20,000, which is included in the listing price.

The company has 25 employees and is situated in a building with estimated square footage of 25,000 sq ft.

Why is the Current Owner Selling The Business?

There are all sorts of reasons why people decide to sell companies. Nonetheless, the true factor and the one they say to you may be 2 totally different things. For instance, they may say "I have a lot of other obligations" or "I am retiring". For numerous sellers, these factors are valid. However, for some, these may simply be reasons to attempt to hide the reality of altering demographics, increased competition, current decrease in profits, or a range of other reasons. This is why it is very important that you not rely entirely on a vendor's word, but rather, utilize the vendor's solution together with your overall due diligence. This will repaint an extra reasonable picture of the business's existing situation.

Existing Debts and Future Obligations

If the existing entity is in debt, which many companies are, then you will certainly have reason to consider this when valuating/preparing your deal. Numerous operating businesses borrow money with the purpose of covering things such as stock, payroll, accounts payable, so on and so forth. Bear in mind that in some cases this can imply that profit margins are too small. Many organisations fall under a revolving door of taking loans as a way to pay back various other loans. Along with debts, there may likewise be future obligations to think about. There might be an outstanding lease on tools or the structure where the business resides. The business may have existing contracts with suppliers that should be satisfied or might cause penalties if canceled early.

Understanding the Customer Base, Competition and Area Demographics

Exactly how do companies in the area attract new clients? Most times, companies have repeat consumers, which create the core of their daily earnings. Certain factors such as new competition sprouting up around the location, roadway construction, as well as personnel turnover can affect repeat consumers and also negatively affect future profits. One essential point to take into consideration is the location of the business. Is it in a highly trafficked shopping center, or is it concealed from the highway? Clearly, the more individuals that see the business often, the greater the opportunity to develop a returning customer base. A last idea is the basic area demographics. Is the business located in a densely populated city, or is it located on the outside border of town? Exactly how might the neighborhood average family earnings effect future earnings prospects?