Business For Sale

24 Bed Personal Care Facility

Dalton, GA
Whitfield County

NW GA


Asking Price: Annual Revenue:
$2,800,000 $619,000

Services: Senior Living & Care, Assisted Living


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RE: 24 Bed Personal Care Facility Broker: Tracey Reeves

Quick Facts

Asking Price: $2,800,000
Annual Revenue: $619,000
Net Profit: $270,000
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: $1,400,000
Year Established: 1998
Employees: 12
BBN Listing #: 55355471
Broker Reference #: Not Disclosed

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Business Overview:

Well established, profitable Personal Care Home. Owner has operated this facility for 20 years and now seeks to semi retire/liquidate. 18000 sq. ft. building consisting of 13000 sq. ft. main floor and 5000 sq. ft. basement area. 18 private studio apts. and 6 private suites. Revenue in excess of 600K with earnings of $270K before debt service in 2017. Revenue up 5% at end of second quarter of 2018 from same time last year. Facility also has 5 bays of garage space and extra unfinished space that could be finished for some purpose, such as memory care or day care. Property is fenced and gated. Facility is run by a manager and owner is mostly absentee. Two bedroom apartment in basement for extra income or housing for onsite manager, etc. Grounds are professionally landscaped.

Owner would consider selling the business separate from the real estate with a 7 year Triple Net Lease Agreement.

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Property Features and Assets:

12885 Sq. Ft. framed building with an additional 5000+ Sq. Ft. basement area on just under 3 acres. Roof replaced last year.

Market Competition and Expansion:

One of the more economical homes in the area so monthly rates could be increased.

Reason for Selling:

Retiring

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.

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