Listing ID: 76013
**Confidential Listing – Not in the indicated location***
This 16-bed Licensed Assisted Living Home has been in operation since 2013. The overriding principle of operation is that you as an owner can do well while doing good – and it shows from the moment you walk in the door.
The building is ranch-style, with one level of living space and a full basement. It is fully handicap-accessible and ADA compliant.
The sellers have done an outstanding job of renovating and maintaining this facility. New items include complete renovation of client rooms, the roof (2014), windows, maintenance-free siding, PVC trim, insulation, septic pumps, commercial kitchen and landscaping.
These caregivers provide assistance with activities of daily living for seniors who need help with everyday tasks like dressing, bathing and toileting. The environment is designed to be very much like a home setting and there are both private and semiprivate rooms.
The facility consistently runs at 100% occupancy, with a waiting list for new residents to move in. That is due to the excellent reputation which garners referrals from doctors, hospitals and families all over the state.
Residents are able to bring some of their treasured possessions and even some furniture with them if they wish. Everything is done with a singular focus on making residents feel at ease in their new surroundings.
There is a full kitchen for meal preparation – and every single meal and snack served is home-cooked. Residents eat and socialize in the spacious community dining area.
There is also a single-family home across the street, which is included in the sale price. This home features 3 beds and 2 baths and sits on 2 acres +/-. It can be used for future expansion, rented out for additional income or would be an ideal location for a facility manager
**Confidential Listing – Not in the indicated location.
- Asking Price: $1,600,000
- Cash Flow: N/A
- Gross Revenue: $768,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2013
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:N/A
- Lot Size:N/A
- Total Number of Employees:15
- Furniture, Fixtures and Equipment:N/A
Seller will assist the buyer with startup, licensure and regulatory compliance.
Seller is seeking retirement.
There is plenty of room for growth and expansion.
The company was established in 2013, making the business 9 years old.
Why is the Current Owner Selling The Business?
There are all kinds of reasons why individuals decide to sell companies. However, the true factor and the one they say to you might be 2 entirely different things. For instance, they might claim "I have a lot of various obligations" or "I am retiring". For many sellers, these reasons are valid. But, for some, these may simply be excuses to attempt to conceal the reality of altering demographics, increased competitors, recent decrease in revenues, or a variety of various other factors. This is why it is very essential that you not depend absolutely on a vendor's word, yet instead, use the seller's solution in conjunction with your total due diligence. This will repaint a more reasonable image of the business's current scenario.
Existing Debts and Future Obligations
If the current company is in debt, which many companies are, then you will need to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering items like inventory, payroll, accounts payable, etc. Keep in mind that in some cases this can indicate that revenue margins are too tight. Many organisations fall under a revolving door of taking on debt as a way to pay back various other loans. In addition to debts, there may also be future obligations to think about. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that must be fulfilled or may lead to charges if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do businesses in the area attract new consumers? Many times, companies have repeat customers, which develop the core of their daily revenues. Particular elements such as new competition sprouting up around the area, roadway building and construction, and also staff turn over can influence repeat clients as well as adversely impact future profits. One important thing to take into consideration is the area of the business. Is it in an extremely trafficked shopping center, or is it hidden from the highway? Certainly, the more people that see the business often, the higher the possibility to construct a returning consumer base. A last thought is the general area demographics. Is the business located in a densely populated city, or is it situated on the outside border of town? Exactly how might the neighborhood mean family income impact future income potential?