El Paso County Assisted Living Facility

Colorado Springs, CO
El Paso County

Asking Price: Annual Revenue:
$370,000 $165,989

Services: Senior Living & Care, Assisted Living

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RE: El Paso County Assisted Living Facility Broker: Jeff Miller
License #: 948365
Owner Financing is Available!
Assumable bank financing with qualification..

Quick Facts

Asking Price: $370,000
Annual Revenue: $165,989
Net Profit: Not Disclosed
Cash Flow: $70,271
Total Debt: Not Disclosed
FF&E: $15,000
Real Estate: $250,000
Year Established: 1993
Employees: 4
BBN Listing #: 6263386
Broker Reference #: CD-0869

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Business Overview:

8-bed assisted living elderly care center. Assisted living is a very important part of the continuum of senior care. This assisted living elderly care business consists of a facility with 8 bedrooms, one with its own private ½ bath. It includes a staff bedroom, laundry area, living and dining room, a storage room, an entry and office area, full-sized kitchen, full bath and another bathroom with shower. This facility consists of approximately 2,200 square feet. There is an optional home next door that could be used for owner living or for live-in supervisors (not included in the price). This business is designed for individuals who require assistance with everyday activities such as meals, medication management or assistance, bathing, dressing, and transportation. With that in mind, a long-term care option that combines housing and support services is the perfect solution for those concerned with the care of their loved ones.
The main property is a one-story ranch-style home.

This company has been in business for 26 years. The current owner, who lives in Denver, purchased the business in 2018. He has decided that the drive from Denver to Colorado Springs was too much of a distance and time and therefore is selling this facility and is planning to purchase a facility in Denver.

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Property Features and Assets:

2,200 square feet

Market Competition and Expansion:

Cash flow is after mortgage payments. Assisted living facilities are growing in number due to baby boomers nearing or exceeding retirement age and they need some kind of help but not necessarily skilled care. And as Medicaid and private pay amounts are continually increasing, revenues also continue to increase thereby creating a greater profit margin. These type facilities are becoming the home of choice for residents as they are able to maintain their own standard of living in a home-like atmosphere. Many of these facilities are located in homes just like where many of us live.

Reason for Selling:

Other business ventures

Additional Details:

  • The property is owned.
  • 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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