AFC Elder Care Home w/Real Estate-PENDING

Not Disclosed, MI
Livingston County


Asking Price: Annual Revenue:
$130,000 $361,240

Services: Senior Living & Care, Assisted Living


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RE: AFC Elder Care Home w/Real Estate-PENDING Broker: Inquiry

Quick Facts

Asking Price: $130,000
Annual Revenue: $361,240
Net Profit: Not Disclosed
Cash Flow: $65,653
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $300,000
Year Established: 1970
Employees: 6
BBN Listing #: 46512679
Broker Reference #: B2573

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Business Overview:

This is a great opportunity to own a full service, AFC certified Elder home care business with real estate. The business is turnkey and has gross sales of $361,240 for 2019 without being at full capacity! Those numbers provide about $65,653 in cash flow to an owner-operator. The home is 2,664 Square Feet and is located in the Livingston county area in a great neighborhood. The home has 11 rooms total, 6 bedrooms, and 1.2 baths. This is a long established business running strong since 1997 (23 years). The business has 7 part time employees and 1 full time manager who lives on site and ears $41,600 per year, which is added to cash flow. The Foster care home has 8 beds and can house 8 members at a time (right now only housing 6).

Some of the great amenities provided to the members are a large kitchen and dining room and also a large family room that has multiple power lift reclines for all the residents to enjoy. The home is updated with newer furnace, water heater, and other house hold items. There is a complete fire suppression system installed allowing for more residents to be accommodated.

The owner will stay for 90 day to help ensure a smooth transition. This is a great business for anyone looking to get into the elderly care business or someone looking to add another location to their portfolio. Financials & other information provided to a qualified buyer upon request. Showings by appointment only.

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.

Reason for Selling:

Retirement

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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