Adult Foster Care

Not Disclosed, MN


Asking Price: Annual Revenue:
$400,000 $155,865

Services: Medical, Dental


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RE: Adult Foster Care Broker: David LaVoi

Quick Facts

Asking Price: $400,000
Annual Revenue: $155,865
Net Profit: Not Disclosed
Cash Flow: $88,305
Total Debt: Not Disclosed
FF&E: $7,000
Real Estate: $339,000
Year Established: 2002
Employees: 3
BBN Listing #: 27314955
Broker Reference #: 5101-13727

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Business Overview:

In 2002 they started the transformation of single family living to providing family style Adult Foster Care. The home is currently designed for 5 clients. There are 3 private rooms and one double room. They recently had a client pass so they have a bed open in the double room. The income is very stable as they receive both private and state funds. Over the years they have by choice provided services mainly for elderly men and women.

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Property Features and Assets:

This is a very well maintained home with an out building for hobby, farm type activities along with a couple of other storage buildings.The business activities take place in part of the main level. The two owners have their private area in one end of the main level. The resident numbers could be increased if the new owners would use the lower level as their private area and convert the other upper part to client area. Assets=346,300

Market Competition and Expansion:

There will be a demand for this care for a long time to come. The hardest part is to coordinate a good fit into the extended family when space opens. Clients are referred by the state and county but also come through private contacts. Renovating the home would allow at least 2-4 new clients to reside at the residence.

Reason for Selling:

Retirement.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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