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Business For Sale
ASSISTED LIVING W/GOV CONTRACTS
Attn:
Tim Bullard
Milwaukee Suburbs, WI, USA
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Listing Number: "4181-114"
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Listing
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Asking Price: |
$350000
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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Other. |
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Year Established:
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1996 |
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# of Employees:
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7 |
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Yearly Revenues:
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$556,695 |
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Yearly EBITDA:
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$189,845 |
Business for Sale Overview:
Excellent owner benefits and long term cash flows. Located in suburbs of Southeastern Wisconsin, 20 minutes West of Milwaukee and 60 minutes East of Madison. This business specializes in ’aging in place’. The owners and landlord have created facilities that are comfortable, clean and well run. Incomes are 80% from government funds and the sellers will train the new owner in bidding for new business, along with every aspect of this business they’ve built from the ground up. Due to constraints on profitability within government contracts, owner benefit has been given out to unnecessary employees and outside services while they run their other enterprises. Bookkeeping, accounting, IT, lawn care, and even food shopping have been outsourced to reduce the bottom line, but could easily be brought back under by a new owner with a much higher salary and benefits than currently taken by the owners. The business runs itself once the residents are in place and is an excellent opportunity for those with great people skills and a passion for keeping residents happy. Not a sales business as much a customer service and care one. Landlord has helped by purchasing the facilities as the business has grown and wishes to continue doing so with long term leases at excellent rates. For the right new owner this could be an excellent potential for long term growth and profitability. Competition is large and unwilling to cater to the needs of individualized clients, therefore the relationships built with this provider are invaluable.
Additional Details:
- The property is leased.
- 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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