1398 Assisted Living - Multiple Locations

Not Disclosed, WI

South Central Wisconsin

Asking Price: Annual Revenue:
$499,000 $1,892,000

Services: Senior Living & Care, Assisted Living

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RE: 1398 Assisted Living - Multiple Locations Broker: Tim Bullard

Quick Facts

Asking Price: $499,000
Annual Revenue: $1,892,000
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2014
Employees: 29
BBN Listing #: 563422468
Broker Reference #: 1398

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Business Overview:

Significant Price Reduction - Very Motivated Sellers! This is a great opportunity for new owners to step into a fully turn-key assisted living operation where the existing owners spend less than 5 hours per week working on the business. One facility has 20 units/24 beds and the other has 40 units/48 beds. The 20 unit facility has the open land to add an additional 20 beds. The owners currently own/operate the business and lease the facilities. However, the real estate can be purchased. 2019 projections show a profit of nearly $400,000 for the operation while still paying rent. For a buyer that purchases the business operations and the real estate, the 2019 cashflow before P&I moves to nearly $1,100,000 with an estimated profit of nearly $560,000.

Both facilities are less than 10 years old and are in excellent condition. The larger facility added 20 beds in 2018. Located in two great communities, they enjoy good reputations and strong employee retention. Numerous opportunities to increase revenue, increase the census and control expenses.

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Property Features and Assets:

Two facilities with over 45,000 square feet, 72 combined beds with room for expansion at one location. Facilities are less than 10 year old and the most recent addition is less than 1 year old.

Market Competition and Expansion:

Some competition in each location but these facilities far outshine the others in each market.

Reason for Selling:

Other healthcare businesses.

Additional Details:

  • The property is leased.
  • The owner is not 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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