Turn-key Licensed 16-Bed Group Home, Profitable

Cleveland, OH
Cuyahoga County

E. Cleveland


Asking Price: Annual Revenue:
$550,000 Not Disclosed

Services: Senior Living & Care, Assisted Living


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RE: Turn-key Licensed 16-Bed Group Home, Profitable Broker: Robin L Brower
Owner Financing is Available!
2 - year Lease Purchase Option with substantial down payment and a balloon payment at 25 months.

Quick Facts

Asking Price: $550,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2016
Employees: 6
BBN Listing #: 50256355
Broker Reference #: 440-862-0352

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Business Overview:

“Where Growth & Change Become A Reality”. Winds of Change & Hope is a State licensed adult care facility. They are licensed by the Ohio Department of Mental Health & Addiction Services, serving individuals with mental illness. The business furniture, fixtures and equipment and real estate with 8,500 Square Feet of living space including 13 bathrooms, closet space, lounging areas, dining, and ample sized guest rooms are included in the sale. Individuals with DD who can no longer live with their families receive the assistance they need to grow with the help of the Board of DD’s Community & Medicaid Services. The environment is the least restrictive environment that supports living in a community group home through supported living and community waivers. We provide a home with personal care services and supervision to all vulnerable adults. Winds of Change has an exemplary reputation with all of their referral sources; local hospitals, service providers and community service organizations.

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Property Features and Assets:

The biggest asset of the business is the caring and dedicated staff. These folks are included in the value of the business and will be immensely helpful to a new owner. The home is fully operational and all inventory, furnishings, office equipment, kitchen equipment and a transition period with the Owner, is included in the sale.

Market Competition and Expansion:

There is a growing need and the location is within the area of need and service organizations abound nearby. Group Home certifications are no longer issued by the State of Ohio.

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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