Established Assisted Living

Not Disclosed, TN
Loudon County

Asking Price: Annual Revenue:
$2,200,000 $689,683

Services: Senior Living & Care, Assisted Living

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RE: Established Assisted Living Broker: Doug Kose
License #: 348680

Quick Facts

Asking Price: $2,200,000
Annual Revenue: $689,683
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: $50,000
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 270954611
Broker Reference #: 5182-852217

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Business Overview:

This Assisted Living Residence, which includes real estate, is located on a one-level building that has 33 rooms and licensed for 55 beds. The owner has invested over $125,000 in leasehold improvements in the last few years (roof, carpet, painted walls, HVAC units, refrigerator, etc). Staff work around the clock to provide care and treatment for the patients. The current rent role is $65,000 per month and the business did ~$700,000 in 2017 gross sales.

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Property Features and Assets:

Very little competition in this county and area of East Tennessee.

Market Competition and Expansion:

The TennCare CHOICES Program is pending approval and will provide long-term services and support for the clients that are 65 and older. The CHOICES program provides an additional monthly stipend for each patient. Also to fill all beds would only add to the bottom line.

Reason for Selling:

Other business interests.

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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