Adult Care Facility

Chardon, OH
Geauga County

West of 44 on the north side of 322


Asking Price: Annual Revenue:
$1,200,000 Not Disclosed

Services: Senior Living & Care, Assisted Living


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RE: Adult Care Facility Broker: Tim cline
License #: 2013003192
Owner Financing is Available!
Seller may consider owner financing.

Quick Facts

Asking Price: $1,200,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1988
Employees: Not Disclosed
BBN Listing #: 186353665
Broker Reference #: Not Disclosed

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Business Overview:

This incredible investment opportunity has been family owned and operated for 32 years and has an outstanding reputation in the community, but it's time for the owner to retire. This adult care facility currently offers a warm home-like setting for families looking to place loved ones under care that offers individuals quality of life, and more one-on-one attention. Currently the home is licensed for, and occupied with 16 beds in a 6,028 square feet facility with a beautiful yard and outdoor deck. This opportunity offers the owners optimal flexibility in providing care. Property resides on 4.31 acres of land. Conveniently located in a high traffic area on 322 (Mayfield Rd.) and offers a paved driveway leading to a 12 car capacity parking lot. Why not get out of your corporate setting and run your own business? Purchase to run business as is, or discuss the upward potential available to new owner.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Property Features and Assets:

Owner is currently in the process of installing a sprinkler system which would increase the monthly revenue per room to double the current price. Great investment and upside opportunity.

Market Competition and Expansion:

Cap rate - 17% (even with $75,000/yr. expense for manager salary). Contact Tim Cline For Non Disclosure Agreement and financials prior to scheduling a showing.

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.

Relevant Links:

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