Listing ID: 82495
Assisted living facility which consists of 9 beds, 4.5 bathrooms, 2 full kitchens and a great view! This would be a perfect business opportunity for someone in the medical field wishing to work for themselves. Property is in great condition and owner’s did replace the carpet upstairs. Financials will be provided with a signed non-disclosure agreement.
- Asking Price: $749,000
- Cash Flow: N/A
- Gross Revenue: N/A
- EBITDA: N/A
- FF&E: N/A
- Inventory: N/A
- Inventory Included: N/A
- Established: N/A
- Property Owned or Leased:Own
- Property Included:N/A
- Building Square Footage:3,726
- Lot Size:N/A
- Total Number of Employees:N/A
- Furniture, Fixtures and Equipment:N/A
This Business Is Home Based
Why is the Current Owner Selling The Business?
There are all kinds of reasons individuals decide to sell companies. Nevertheless, the genuine factor and the one they say to you may be 2 absolutely different things. As an example, they might say "I have a lot of various commitments" or "I am retiring". For numerous sellers, these factors are valid. But, for some, these might simply be reasons to attempt to hide the reality of changing demographics, increased competition, current decrease in revenues, or an array of various other factors. This is why it is extremely essential that you not count absolutely on a vendor's word, however rather, utilize the vendor's response combined with your general due diligence. This will paint an extra reasonable image of the business's present circumstance.
Existing Debts and Future Obligations
If the current entity is in debt, which lots of companies are, then you will have reason to consider this when valuating/preparing your offer. Many operating businesses finance loans in order to cover things such as inventory, payroll, accounts payable, and so on. Keep in mind that sometimes this can suggest that revenue margins are too small. Lots of businesses come under a revolving door of taking on debt as a way to pay back other loans. In addition to debts, there may also be future obligations to take into consideration. There might be an outstanding lease on equipment or the structure where the business resides. The business might have existing contracts with suppliers that should be met or might lead to fines if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do companies in the location attract new clients? Many times, operating businesses have repeat consumers, which form the core of their day-to-day earnings. Specific factors such as new competitors sprouting up around the area, roadway building and construction, and employee turn over can impact repeat consumers and also negatively influence future incomes. One vital point to think about is the placement of the business. Is it in a very trafficked shopping center, or is it hidden from the main road? Undoubtedly, the more individuals that see the business regularly, the better the opportunity to develop a returning consumer base. A last idea is the general area demographics. Is the business situated in a largely inhabited city, or is it situated on the edge of town? Exactly how might the regional median family income effect future income prospects?