Listing ID: 71474
If you’re looking to enter the long-term care arena or just expand your portfolio, this is the perfect fit for you!
This business offers a well-established assisted living facility. Own the business AND own the real estate! No landlords! No rising rents! Control your own destiny!
This facility is very well kept with an excellent staff in place.
This is a sizeable investment so buyer should have a minimum of $250,000 in equity to invest.
- Asking Price: $1,995,000
- Cash Flow: $288,380
- Gross Revenue: $612,656
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1986
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:12
- Furniture, Fixtures and Equipment:N/A
The Assisted Living Facility is a 8,584 sq. ft. 2-story stand alone building with garage and parking.
The business was established in 1986, making the business 36 years old.
The business has 12 employees and is situated in a building with approx. square footage of N/A sq ft.
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell businesses. Nevertheless, the true reason vs the one they say to you may be 2 totally different things. As an example, they might say "I have too many other commitments" or "I am retiring". For numerous sellers, these factors stand. But, for some, these may just be justifications to try to conceal the reality of transforming demographics, increased competition, recent reduction in profits, or a variety of various other factors. This is why it is very vital that you not rely completely on a seller's word, yet rather, use the seller's response in conjunction with your general due diligence. This will paint an extra reasonable image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current company is in debt, which numerous businesses are, then you will certainly need to consider this when valuating/preparing your offer. Lots of companies finance loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Remember that occasionally this can imply that profit margins are too tight. Numerous businesses fall into a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future obligations to consider. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that need to be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do operating businesses in the area bring in new consumers? Often times, businesses have repeat consumers, which form the core of their daily profits. Certain aspects such as new competitors growing up around the area, road building, and employee turn over can influence repeat clients and also adversely affect future revenues. One crucial point to consider is the placement of the business. Is it in a highly trafficked shopping mall, or is it concealed from the main road? Undoubtedly, the more people that see the business regularly, the better the chance to develop a returning customer base. A last idea is the general area demographics. Is the business located in a largely populated city, or is it situated on the edge of town? How might the local average house income impact future revenue prospects?