Assisted Living Facility on +/-11Acres w/Financng

Not Disclosed, FL
Lake County

Lake County FL


Asking Price: Annual Revenue:
$2,499,000 $400,000

Services: Senior Living & Care, Assisted Living


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RE: Assisted Living Facility on +/-11Acres w/Financng Broker: Denis Burke
Owner Financing is Available!
$850,000 down.

Quick Facts

Asking Price: $2,499,000
Annual Revenue: $400,000
Net Profit: Not Disclosed
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2007
Employees: Not Disclosed
BBN Listing #: 803645879
Broker Reference #: Not Disclosed

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Business Overview:

Assisted Living Facility on +/-11Acres w/SELLER FINANCE.

SELLER FINANCE w/$850,000 Down-NO BANK NEEDED!

Check out this incredible Business Opportunity only 30 minutes from ORLANDO INTERNATIONAL AIRPORT!. SELLER WILL FINANCE w/$850,000 at very reasonable terms. Loan can be amortized over 30 years with a balloon in 10 years. The development of the LAND with additional buildings/rooms is highly possible- Currently ZONED for SENIOR CARE. The existing facility could be great for a seasoned medical professional, an investor seeking to own a Senior Care property, or a Corporation already in the Senior Care/Assisted Living Industry seeking to expand.
This fabulous Estate on 11.5acres+/-was meticulously restored in 2008. The current owner invested about $750,000 in improvements. While the facility is currently fully occupied at an average rate of $4,200 a month, the numbers over the past year or so have varied due to the impact of COVID 19. The facility has 8 "private pay" residents and is currently 100% occupied. Due to a WAITING LIST and the enormous DEMAND,the owner has an application in the works with the County to increase the EXISTING number of beds from 20 up to 80.
Current licensing and zoning permits 20 rooms and a caretaker apartment.
The process of increasing the licensed capacity takes 3months and is at the discretion of the local zoning and planning board!!! Should an increase in room occupancy be approved under the guidelines of the existing code, a Buyer could decide to build additional structures on the grounds in various Phases.

This Opportunity is more about SCALABILITY as a Land/Assisted Living Facility EXPANSION than it is about the current Cash Flow. Therefore,this SALE is PRIMARILY more for LAND VALUE and scaled expansion of Senior Housing over time.

The Seller, who is a Nurse by profession, will stay on in transition with the new owner in a management consulting capacity for at LEAST 3 months after the CLOSING.

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Property Features and Assets:

The meticulous estate is approximately 7000sqft+/-. Currently, the facility accomodates 8 seniors but there is an allowed capacity up to 20. Seller will provide transitional training and support for up to 30 days and will stay on as a consultant for up to an additional 3months.The details to be negotiated between the parties.

Market Competition and Expansion:

The competition is minimal and the demand is very high.The current owner has a waiting list and does no advertising. Build additional buildings on the property and add more rooms.

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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