Listing ID: 79030
We are proud to offer for sale one of the nicest Assist Living Facilities in Maine. This beautiful facility offers 24 beds with high quality personal service in a affluent Southern Maine Coastal Community! The upscale facility includes raised-paneled hallways, fireplaces and fine furnishings. Residents enjoy the serene and peaceful setting, on-site walkways, deck/pavilion and beautiful landscaping. This is a rare opportunity to own a turnkey facility that has around since 1989. *Note the cash flow box below is the SDE!
- Asking Price: $2,995,000
- Cash Flow: $343,000
- Gross Revenue: $1,124,267
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: 1989
- Property Owned or Leased:Own
- Property Included:Yes
- Building Square Footage:13,400
- Lot Size:N/A
- Total Number of Employees:20
- Furniture, Fixtures and Equipment:N/A
12,618+-sf Living area...1,387 +-sf Deck...783+-sf Finished Basement...4,265+-sf Unfinished Basement situated on 3+- acres.
Owner will provide what is needed for a smooth transition.
The business was established in 1989, making the business 33 years old.
The company has 20 FT & PT employees and is situated in a building with approx. square footage of 13,400 sq ft.
Why is the Current Owner Selling The Business?
There are all types of reasons people decide to sell operating businesses. Nonetheless, the real reason and the one they tell you might be 2 totally different things. For instance, they may claim "I have way too many various commitments" or "I am retiring". For many sellers, these factors stand. But, for some, these might just be justifications to try to hide the reality of transforming demographics, increased competition, current decrease in revenues, or a variety of other reasons. This is why it is extremely essential that you not count completely on a vendor's word, yet instead, use the vendor's response combined with your total due diligence. This will paint an extra sensible picture of the business's present situation.
Existing Debts and Future Obligations
If the current business is in debt, which numerous businesses are, then you will need to consider this when valuating/preparing your offer. Many operating businesses take out loans with the purpose of covering points such as stock, payroll, accounts payable, etc. Remember that sometimes this can indicate that revenue margins are too tight. Lots of businesses fall under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may additionally be future obligations to think about. There might be an outstanding lease on equipment or the structure where the business resides. The business may have existing contracts with vendors that must be fulfilled or may result in charges if canceled early.
Understanding the Customer Base, Competition and Area Demographics
Just how do operating businesses in the area attract brand-new consumers? Often times, businesses have repeat consumers, which form the core of their everyday revenues. Certain aspects such as new competition sprouting up around the area, roadway building and construction, and personnel turnover can influence repeat clients and negatively affect future revenues. One essential point to think about is the area of the business. Is it in a very trafficked shopping mall, or is it hidden from the main road? Clearly, the more individuals that see the business regularly, the higher the opportunity to develop a returning client base. A last idea is the basic location demographics. Is the business located in a densely inhabited city, or is it situated on the outside border of town? Exactly how might the neighborhood typical home earnings effect future revenue prospects?