Profitable Assisted Living with Big Private Pay

Not Disclosed, VA

Not Disclosed.


Asking Price: Annual Revenue:
$1,950,000 $728,544

Services: Senior Living & Care, Assisted Living


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RE: Profitable Assisted Living with Big Private Pay Broker: Richard K Halterman ll

Quick Facts

Asking Price: $1,950,000
Annual Revenue: $728,544
Net Profit: Not Disclosed
Cash Flow: $264,947
Total Debt: Not Disclosed
FF&E: $10,000
Real Estate: $600,000
Year Established: 1990
Employees: 15
BBN Listing #: 82294955
Broker Reference #: 2003-14806

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Business Overview:

This very profitable Home has thrived serving primarily the AG community allowing it to be nearly full all the time. While there is a super strong market for this niche of residents, subtle improvements and changes would allow a new owner to move the home to private pay in the mid-range area of approximately $2,500 to $3,500/month. Keep in mind, there is also a serious lack of rooms in this price range. The current cash flow to the owner is in excess of $220,000 per year. Even if a third of the beds were moved to private pay at $2,500/month, the cash flow could conceivably increase by yet another $200,000 per year (16 x 1,100 x 12). If the new owner were to be an administrator-owner-operator, the profit would be unbelievable.

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Property Features and Assets:

This a 50 plus bed facility. Roughly 27,000 square feet with brick veneer exterior and metal roof. Total Assets Included: $1,950,000.

Market Competition and Expansion:

There is a tremendous need for homes of all sizes for the aging population. Auxiliary Grant homes and mid-range private pay homes are in particular high demand. It has already been pointed out that the easiest ways to grow would be for the owner to also be Administrator, secondly make some slight improvements to the facility (new paint, furnishings, etc) and there would be an attraction to more private pay residents. Lastly, a direct marketing approach would go a long ways towards bringing the higher paying private pay individuals into the facility. There is a high demand for the mid-level private pay in the Shenandoah Valley.

Reason for Selling:

Retiring

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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