Assisted Living – 100% Private Pay

Topeka, KS

Asking Price: Annual Revenue:
$115,000 $287,134

Services: Senior Living & Care, Assisted Living

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RE: Assisted Living – 100% Private Pay Broker: Cortney Sells
Owner Financing is Available!
Purchase Price: $115,000 25% Buyer Down Payment: $28,750 25% Seller Financing: $28,750 50% Bank Loan: $57,500 A 25% down payment of $28,750 returns $60,526 in the first year after debt payments!

Quick Facts

Asking Price: $115,000
Annual Revenue: $287,134
Net Profit: Not Disclosed
Cash Flow: $78,937
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:

Seven licensed staff in place allows the owner to only work 8-10 hours per week! This assisted living facility is comfortably located in a converted 8,000 sq. ft. home. 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. Resident rates range from $75-$110 per day. The assets include the appliances in a full kitchen used for daily meals, and all rooms are fully-furnished. There are currently 4 CMA’s and 3 PRN’s. A new owner does not need to be a nurse to own and operate this business. The staff is dedicated and reliable, with very low turnover and many employees have been employed 4-10 years.

This is located on several acres, so it would be a huge benefit to purchase the land as well (in a separate transaction) to build further accommodations by adding additional residence.

This comfortable home has 11 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.

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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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