Business Overview:
Senior Assisted Living Center with Memory Care in an Affluent Area: This long-term care facility, licensed for Assisted Living & Memory Care, has been providing a home to seniors for over 30 years. It is located in an upscale community and is beautifully landscaped on the outside with a cozy feel on the inside. The facility is recognized for giving compassionate care to its residents in a lovely home environment. The financial history is excellent and the annual occupancy rates have been over 90% for the last 4 years. Contact Murphy Business & Financial to learn more about this opportunity.
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Property Features and Assets:
The facility is situated on a little over 2 acres and has great street frontage for high visibility. The main building consists of 11,080 sq. ft. and, also, has an out building for additional office and storage space. The resident beds occupy 53.9% of the facility while the Common Area utilizes the remaining 46.1%. Total Resident Area 5,975 sq. ft.
Assets = $3,640,064.
Market Competition and Expansion:
There other facilities in the market area. However, there is not a saturation situation and demand for services is still quite strong.
With some modification, and the addition of two staff member, one wing of the facility could be devoted to memory care. This would allow for an increase in revenues. In addition, Seller has architectural plans for an addition wing to the facility utilizing the existing parcel of land.
Reason for Selling:
Seller wants to Retire.
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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