Lovely, State-of-the-Art, 20 Unit Assisted Living

Not Disclosed, MN


Asking Price: Annual Revenue:
$4,270,000 $1,389,871

Services: Senior Living & Care, Assisted Living


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RE: Lovely, State-of-the-Art, 20 Unit Assisted Living Broker: Jim Underwood

Quick Facts

Asking Price: $4,270,000
Annual Revenue: $1,389,871
Net Profit: Not Disclosed
Cash Flow: $584,253
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: $2,517,000
Year Established: 17
Employees: 23
BBN Listing #: 235028483
Broker Reference #: 11190 JU

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Business Overview:

Beautiful, new state-of-the-art, 20 unit assisted living facility in Northern Minnesota. 24/7 ADVANCED CARE living services to elderly seniors. Owners have been in the business for 17 years with a staff of highly skilled nurses with very little turnover. Owners ready to retire! Situated on 3.5 acres with an additional 5.2- and 3-acre parcels available to purchase separately. Priced to sell at $4,270,000 and includes FF&E and inventory. For more information, please contact Jim Underwood.

Licenses Required:
Comprehensive Home Care License
A Housing with Services Registration
Two Small Operator Board and Lodging Licenses
Clinical Lab Improvement Amendments Certification (C.L.I.A)

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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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