Business Overview:
This successful business located in central Minnesota owns and operates homes that are capable of providing assistance to most types of physical disabilities and many medical conditions. They provide care and have worked extensively with Traumatic Brain Injury, diabetics, stroke victims, Huntington's disease, and Multiple Sclerosis. ----- The staff provides assistance in all skills of daily living from bathing to eating to dressing, etc. The staff does all the general housework; cooking, cleaning, laundry to maintain the resident's house and room. The staffs are also able to provide assistance with doctor ordered physical and occupational therapy, stretches, and exercises. ---- Each home has 24 hour staff and each home has its own general manager/facility manager. ----- Buyers do not have to have previous experience in this field, since there is a well trained staff. -----As noted before the final selling price is made up of $860,000 for the business and $700,000 for the real estate. Therefore the final total selling price is $1,560,000. SELLING PRICE: $1,560,000 this includes the 4 properties, with no more than 10% seller’s financing! With the current banking environment, potential buyers should be aware that they will most likely be required to put down a minimum of 20% of the selling price. In other words, the structure of the deal may be as follows: Selling Price = $1,560,000 Seller’s financing = -$156,000 Buyer’s Equity = -$312,000 Bank Loans -$1,092,000
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:
This is a multiple location business with market value estimated at $700,000. The owners have continued to invest and upgrade the facilities. They are in excellent condition. NOTE THE VALUE OF THE LAND AND BUILDINGS ARE NOT INCLUDED IN THE ASKING PRICE OF $700,000. THE TOTAL SELLING PRICE IS $1,560,000.
Support/Training: The owners will provide orientation and extensive training to the new owners.
Market Competition and Expansion:
Competition: This multi unit adult foster care business is a market leader. The business has an excellent reputation and is well known to the medical and county and state health service organizations.
Growth and Expansion: The demand for foster care group home services continues to grow. These facilities offer services that society must provide, and these foster care group homes are Minnesota s answer to this need. This established multi unit business has an excellent reputation and offers excellent client care and this results in a high level of customer satisfaction, retention, and referrals.
Reason for Selling:
Owner has started new biz; other owner started MBA
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.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.