Assisted Living Facility

Not Disclosed, CO


Asking Price: Annual Revenue:
$235,000 $214,089

Services: Senior Living & Care, Assisted Living


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RE: Assisted Living Facility Broker: Larry Blevins
License #: 948365
Owner Financing is Available!
Cash preferred but may consider some owner-financing to a qualified purchaser.

Quick Facts

Asking Price: $235,000
Annual Revenue: $214,089
Net Profit: Not Disclosed
Cash Flow: $93,879
Total Debt: Not Disclosed
FF&E: $4,200
Real Estate: $350,000
Year Established: 1986
Employees: 6
BBN Listing #: 1738386
Broker Reference #: CI-0868

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Business Overview:

Southern Colorado rural area

This is a nine-bed assisted living facility which was started in 1996. This facility is Medicaid-approved however there are currently seven private-pay residents and only two Medicaid residents. The owner plans on only having two Medicaid residents at a time. The current Medicaid rent amount per resident is about $2,600.00 per month. The private pay rate is currently $2,900.00 per month but is increasing soon to $3,000.00 per month. This change alone will increase revenues by as much as $8,400.00 annually. The home consists of 9 resident bedrooms but is licensed for ten residents. It has an office, a laundry room, space for a bed in the office area, kitchen, dining room, and a family room. It has a garage in the back corner of the lot which has an apartment upstairs that can be rented out for additional income. The back yard is beautifully landscaped with a small vineyard and a covered sitting area for residents. The entire property is fenced. There is plenty of room for expansion as the facility sits on a ½ acre lot.

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Property Features and Assets:

Estimated value of real estate is $450,000.00 but pricing will be determined by an appraisal.

Market Competition and Expansion:

Assisted living facilities are growing in number due to the baby-boomer population nearing or exceeding retirement age and they need some kind of help in trying to maintain a good standard of living. These small home-like facilities are becoming the home of choice for many of the residents because they can enjoy the home-like atmosphere and not feel like an institution.

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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