For Sale Assisted Living Facility

Not Disclosed, AL
Mobile County


Asking Price: Annual Revenue:
$2,100,000 $983,040

Services: Senior Living & Care, Assisted Living


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RE: For Sale Assisted Living Facility Broker: John Whitten

Quick Facts

Asking Price: $2,100,000
Annual Revenue: $983,040
Net Profit: Not Disclosed
Cash Flow: $223,388
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2017
Employees: 30
BBN Listing #: 734158883
Broker Reference #: 86715-149408

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Business Overview:

Property is a 32 unit facility with 16 licensed beds for speciality care along with 16 licensed beds for assisted living. Specialty care beds are licensed and have averaged 100% occupancy for several years while the assisted living beds have averaged 80-90% occupancy.

The property is over 30 years old and was recently newly renovated along with the outside parking area. The business has a licensed administrator who is willing to stay on with the new buyer. This is a great buy for an absentee owner looking for a good return on investment while having hardly any attrition.

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Property Features and Assets:

The property is over 30 years old and has had several owners over the total inception of the property. Four attorneys purchased the land and built the location, however one of the partners bought out all the other shareholders and improved the property further. He passed away five years ago and passed the property and facility down to his son. The son ran the operating company for awhile, however he did not have the expertise to run the facility. He ended up selling the business in October 2017 to his chief administrator. She then revamped his business model, hired more people, and improved all operations and functions thus increasing occupancy and synergies for the property. 32 unit facility with 16 licensed beds for SCALF and 16 licensed beds for ALF. Building sitting on 2.61 acres. Constructed in 1997 and then improved in 1999 and recently.

Market Competition and Expansion:

Only facility that is licensed for dementia care with no competitors within a 60 mile radius. Potential Growth: Expansion by purchasing additional land connected to the facility - could construct new facilities and add new patients.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • 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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