Listing ID: 78946
This very nice six bed (could easily add a 7th)facility offers owner’s living area and situated on the water! Imagine having your business and home situated on the water while making good money. The facility offers it residence’s spacious rooms, excellent care and a rural feel with a deck overlooking the water! Currently the facility offers private pay and Maine Care. This is a rare business opportunity and perfect for someone who wants the business to pay most of the living expenses. *Cash Flow is the projected SDE for 2021
- Asking Price: $624,900
- Cash Flow: $120,000
- Gross Revenue: $220,000
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 2008
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:4,500
- Lot Size:N/A
- Total Number of Employees:2
- Furniture, Fixtures and Equipment:N/A
Well maintain one floor living for residents...8 rooms, 5 bedrooms and 3 full baths. Roomy owner unit with storage and 2 car garage. Full length deck over looking water.
Will provide the training and support for a smooth transition.
This is a very unique facility
If owner didn't want to live in facility...it would allow for possible expansion
The venture was founded in 2008, making the business 14 years old.
The company has 2-FT...2PT employees and resides in a building with disclosed square footage of 4,500 sq ft.
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals choose to sell businesses. However, the true reason vs the one they say to you might be 2 entirely different things. As an example, they may state "I have way too many various obligations" or "I am retiring". For many sellers, these factors stand. However, for some, these might just be reasons to attempt to conceal the reality of changing demographics, increased competitors, current reduction in earnings, or a range of other reasons. This is why it is really crucial that you not depend absolutely on a vendor's word, however instead, utilize the vendor's solution in conjunction with your total due diligence. This will repaint an extra realistic image of the business's existing circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which many companies are, then you will have reason to consider this when valuating/preparing your deal. Many operating businesses finance loans with the purpose of covering points such as supplies, payroll, accounts payable, so on and so forth. Keep in mind that in some cases this can indicate that earnings margins are too thin. Many organisations fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may additionally be future obligations to take into consideration. There might be an outstanding lease on equipment or the building where the business resides. The business may have existing agreements with suppliers that must be fulfilled or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
Exactly how do companies in the location draw in brand-new customers? Most times, companies have repeat consumers, which create the core of their everyday revenues. Certain variables such as brand-new competitors sprouting up around the area, road construction, as well as personnel turnover can impact repeat customers as well as negatively influence future incomes. One important thing 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 often, the higher the possibility to develop a returning customer base. A last thought is the general area demographics. Is the business situated in a largely populated city, or is it situated on the outside border of town? How might the neighborhood average family earnings influence future income potential?