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Business For Sale
UPSCALE SENIOR AND ASSISTED LIVING CENTER 2249BW
Attn:
M J Dailey BCB, CBI, LREB
Not disclosed, TX, USA
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Listing Number: "2249bw"
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Listing
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Asking Price: |
$1800000
USD USA Dollars
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Business for Sale Industry: |
Services: Medical, Dental, Assisted Living
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Reason for Selling:
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Health and family interest |
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Year Established:
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2004 |
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# of Employees:
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18 |
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Yearly Revenues:
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$727974 |
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Yearly Cash Flow:
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$229811 |
Business for Sale Overview:
Current Revenues are as of 12/31/2007. The Seller is an “Absentee” manager, but maintains the financials.
An "Upscale", family owned and operated Independent and Senior and Assisted Living facility located NE, TX, in a picturesque residential neighborhood situated on 4.051 acres. Near the medical, hospital and shopping districts, this offering is a peaceful facility intimate enough to provide personalized attention to your loved one. (All Real Estate and buildings are included in the offering. ) Daily Resources, Inc. is a Licensed Real Estate Broker. This is neither an offer to sell nor a solicitation to sell securities.
Property Features and Assets:
A total of 4.051 Acres. Current resident count is 22 AL and 6 IL. with buildings occupying approx 4 acres plus parking facilities.
Market Competition and Expansion:
The competitive environment in the area is healthy. However, the non-institutional appearance and home-like setting give the business a distinct advantage and a strong niche in the market.
The area has several institutional-style Assisted Living facilities. In January 2007 a 60-unit Assisted Living was opened in the city. They have struggled to fill their rooms but this business has experienced no decline in move-ins since this newer competitor opened for business.
An additional acre is available for additional units. the owner has started drawing the construction plans for a multistory unit to add 8 additional AL suites and up to 12 additional Independent Living apartments
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- The owner is not willing to work for 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.
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