Business Overview:
This residential group homes business offers community based residential services to Adults 18 years and older with developmental disabilities. The business is licensed by the Virginia State Department of Mental Retardation and Substance Abuse; under 15.2-2291 of the Virginia State Code. Residents must have a diagnosis of mental retardation and have limitations in specific adaptive living skills. The residents almost entirely come by way of referral from the regional community service boards which fall under the Virginia Community Service Boards. The business has multiple locations and room for growth. It is hugely profitable, with most income being paid by medicaid (State and Federal), it is less effected by the economy then most businesses. It is a great business in that it is not only profitable, but it allows an owner to help mentally disabled individuals by emphasizing independent living in a strong community context and offering residents a complete program based on social contact and constructive activity that transforms simple community residences into comfortable and loving homes. The real estate is for sale for an additional $750,000.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
The real estate is selling for an additional $750,000.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.