Listing ID: 80884

Business Overview

ASSISTED LIVING FACILITIES: This business has grown over the last 13 years starting with one facility in 2008, opening another in 2012 and finally the latest opened in December of 2019. All 3 buildings are in great shape and staffed with knowledgeable well-trained employees who provide exceptional service. There are 16 rooms in each building.

-Facilities are River Rock Assisted Living, Evergreen Place Assisted Living, and Autumn Breeze Assisted Living in Buhl, Idaho.
-There are a total of 27 employees that are CNA, nurses’ aides, and Activity Directors.
-Each building has an Administrator/Manager who does all the paperwork, oversees the employees, families and residents while keeping the building within State Rules.
-At these facilities the residents can expect to see a higher staff to resident ratio compared to that of larger Senior Living Centers. The residents will always receive more personalized care here!
-Business does some marketing such as for Ball Teams, Golf Tournaments, and banners at School Events. But most of their business comes from word-of-mouth referrals because of their excellent reputation.
-All buildings have activity rooms with chairs & tables for playing games, painting, cards, and puzzles.
-Care Services Provided: Daily Activities, 24 Hour Supervision, assistance with bathing & dressing, medication management, transportation management, meal preparation & service, coordination with health care providers and mental wellness programs.

Do not go into these facilities and ask any questions or bother any employees! Showings are by appointment only!

Prospective Buyers must sign a Confidentiality Agreement, provide a short resume of your experience level as well as provide “Proof of Funding”.

This is a great opportunity for a Husband & Wife “Team” or for another current operator looking for good acquisitions.

Financial

  • Asking Price: $5,999,500
  • Cash Flow: $525,943
  • Gross Revenue: $1,608,505
  • EBITDA: N/A
  • FF&E: $328,000
  • Inventory: N/A
  • Inventory Included: Yes
  • Established: 2008

Detailed Information

  • Property Owned or Leased:Own
  • Property Included:Yes
  • Building Square Footage:33,000
  • Lot Size:N/A
  • Total Number of Employees:30
  • Furniture, Fixtures and Equipment:N/A
About The Facility:

There are 3 buildings that are 11,000 sq. ft. and they are in great condition.

Is Support & Training Included:

4 Weeks training at no cost.

Purpose For Selling:

Owners wish to retire.

Pros and Cons:

Well known in the area with a great reputation.

Additional Info

The venture was founded in 2008, making the business 14 years old.

The company has 30 employees and is located in a building with estimated square footage of 33,000 sq ft.

Why is the Current Owner Selling The Business?

There are all kinds of reasons why people resolve to sell operating businesses. However, the real factor and the one they tell you might be 2 totally different things. As an example, they may say "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons stand. But, for some, these might just be justifications to try to conceal the reality of changing demographics, increased competition, recent decrease in revenues, or a range of other factors. This is why it is really important that you not depend totally on a seller's word, but instead, make use of the vendor's answer together with your overall due diligence. This will paint a much more realistic image of the business's present circumstance.

Existing Debts and Future Obligations

If the current company is in debt, which numerous businesses are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses take out loans so as to cover things like supplies, payroll, accounts payable, and so on. Remember that occasionally this can indicate that earnings margins are too thin. Lots of businesses fall under a revolving door of taking loans as a way to pay back various other loans. In addition to debts, there may likewise be future obligations to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business may have existing contracts with suppliers that need to be met or might result in charges if terminated early.

Understanding the Customer Base, Competition and Area Demographics

Just how do operating businesses in the area attract new clients? Many times, businesses have repeat consumers, which develop the core of their day-to-day profits. Particular elements such as new competition growing up around the location, road construction, as well as personnel turn over can influence repeat clients and negatively influence future revenues. One essential thing to think about is the placement of the business. Is it in an extremely trafficked shopping center, or is it concealed from the main road? Certainly, the more people that see the business on a regular basis, the higher the chance to construct a returning customer base. A final idea is the basic area demographics. Is the business situated in a largely populated city, or is it located on the outskirts of town? Just how might the neighborhood mean home income effect future revenue potential?