Business For Sale

Cozy Kansas Retirement Home

Wichita, KS
Sedgwick County

Asking Price: Annual Revenue:
$160,000 $326,149

Services: Senior Living & Care, Assisted Living

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RE: Cozy Kansas Retirement Home Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $160,000 25% Buyer Down Payment: $40,000 25% Seller Financing: $40,000 50% Bank Loan: $80,000 A 25% down payment of $40,000 returns $61,195 in the first year after debt payments!

Quick Facts

Asking Price: $160,000
Annual Revenue: $326,149
Net Profit: Not Disclosed
Cash Flow: $84,168
Total Debt: Not Disclosed
FF&E: $20,000
Real Estate: Not Disclosed
Year Established: 1996
Employees: 7
BBN Listing #: 387634398
Broker Reference #: HEA025

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Business Overview:

Located in a quaint town in Kansas, this beautiful residential care facility is a welcoming home for its residents. At just over 8,000 square feet, this home may be a smaller facility, but this is a major benefit for those looking to live in a more personal, home-like atmosphere without sacrificing the level of care and attention to detail.

This comfortable home has several resident rooms that include ADA restrooms, large closets, and individual heating and air. It also has shared areas that include an informal dining room, a formal dining room, an activity room, fireplace, a front porch, a large covered deck with ramp, and a garden. Facilities also include a kitchen, laundry area, pantry, and storage.

The residents are mostly independent and do not require full time nursing assistance. Transportation is offered to those residents who request such a service, but most residents are autonomous or seek out help from family. All daily meals are provided on site in the shared dining room. Extended care services are brought in as needed and can include OT, PT, therapists, home health, and hospice. This is not a locked-door facility. All residents are currently private pay.

This business is currently operating at capacity and often has a waiting list. The staff is dedicated and reliable, with very low turnover and many employees have been employed 4-10 years. Current staff include CNAs, CMAs, and licensed nurses.

Year Established: 1996
Location: Kansas
Capacity: 11 rooms
Building: 8,104 square feet.
Reason for Selling: Career Change
Employees: 4FT (CMAs), 3 PRN (1 LPN, 2CNAs)
One employee on site for each 12-hour shift.
Resident Rates: $75-110/day
Private Pay: 100%
Seller Training Period: 90-day transition
Growth Opportunities: Add on to facility, expand services, work with Medicaid and Medicare
Current Owner’s Responsibilities: Ensure regulations are met, financial management, addresses maintenance issues, currently is a nurse for the facility completing nursing assessments and assisting with medication management (est. 8 hours/week)

Equipment: Full kitchen, dining room and shared area furniture and fixtures estimated value: $20,000
Intangible Assets: Quality care, great reputation, positive resident history, deficiency free
*Building Sale Handled Outside of Business Sale
Currently Operating at Capacity

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Property Features and Assets:

Building sold separately from the business.

Market Competition and Expansion:

Growth Opportunities: Add on to facility, expand services, work with Medicaid and Medicare

Reason for Selling:

Career Change

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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