Owner Financing is Available!
Business Overview:
Up to 50% owner financing is available on the business portion for this beautifully located Tennessee assisted living facility. It has been in existence over 22 years, with a 6,800 square feet building located on 2.28 serene acres. It is nestled comfortably against a larger retirement community which is home to over 7,000 senior residents. The resort attracts strong demographics with popular amenities such as:
5 spectacular 18-hole golf courses including Tennessee’s #1 resort course. 12 tennis courts, both indoor and outdoor for all season play, with pro shop and lessons available. 11 lakes for fine fishing and other activities. The two largest lakes have marinas and swimming beaches. Boat and fishing equipment rentals are available. Multiple local restaurants and lounges.
A Community & Conference Center with gymnasium, Jr. Olympic size pool, jacuzzi, saunas, Arts & Crafts area, Banquet/Meeting rooms, Game room, media room, Cable, Wireless access, catering and more. Miniature Golf and shuffleboard courts. A local park with two picnic pavilions, fishing pier, restrooms, and playground. This assisted living facility is well positioned to offer senior care services to individuals affiliated with the resort. The current management team has owned the property only for a short while, but they have made incredible strides to turn around a poor previous ownership situation that had lack of oversight and high expenses. This diamond in the rough is now shining with occupancy rates up 41%, returns are up 40%, and the clientele has been stabilized with better staffing and a more congruent lifestyle with the surrounding community. The team now seeks to sell the improved property so they can reinvest in another project. Current ownership has agreed to train the new owner for 30 days if needed during transition. This could be a great acquisition for a corporation looking to add more locations, or an individual buyer seeking a more peaceful, gratifying lifestyle.
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Reason for Selling:
Other interests
Additional Details:
- The property is owned.
- The owner is not 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.