Seller's Contact Information
- RE: (Under Contract)42 Bed, 38 Unit Assisted Living
- Contact: Young Bebus
Quick Facts
Asking Price: | $5,400,000 | |
Annual Revenue: | $2,422,318 | |
Net Profit: | Not Disclosed | |
Cash Flow: | $604,518 | |
Total Debt: | Not Disclosed | |
FF&E: | Not Disclosed | |
Real Estate: | Not Disclosed | |
Year Established: | 2003 | |
Employees: | Not Disclosed | |
BBN Listing #: | 740855277 | |
Broker Reference #: | 15230612-YB |
Business Overview:
OFFERING
VR Business Brokers, Mergers and Acquisitions is pleased to introduce a 42 Bed Assisted Living Facility in the Twin Cities Metro area with real property included.
The community has been serving Twin Cities metro area since 2003, but with its experienced operating background has grown year-over-year, as seen in its financial performance shown below. Client mix is 100% Medicaid and the monthly Average Per Resident Rate is $5,600.
INDUSTRY TRENDS(1)
• Projected Strong Growth in Demand. Over the next two decades, the population of adults over 85 will more than double to exceed 14.4 million people. Depending on when the bulk of the elderly population enters the skilled nursing care system, the swell in demand could exceed space available.
• Sales for the US nursing homes and assisted living companies’ industry are forecast to grow at a 5.06% compounded annual rate from 2019 to 2025. Growth rate is faster than the growth of the overall economy, at 3.6%.
• Federal Funding Proposed for Home, Community-based Care. President Biden has made a proposal to spend $400 billion over eight years on home and community-based services as part of his $2 trillion infrastructure plan
• Business Exit Rate much lower than US Average for all businesses. For assisted livings and nursing homes, the rating is 1.5, while the national average for all industries is 9 which indicates a SOUND investment.
(1) Vertical IQ
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Reason for Selling:
Personal reasons
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Documents:
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