Senior Living Home: Six Resident
Portland, TN Sumner County
Portland, TN
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- RE: Senior Living Home: Six Resident
- Contact: Patrick Marsch
Quick Facts
| Asking Price: | $75,000 | |
| Annual Revenue: | $259,857 | |
| Net Profit: | $48,163 | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $35,000 | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2019 | |
| Employees: | 4 | |
| BBN Listing #: | 994164 | |
| Broker Reference #: | 1935 |
Business Overview:
Six resident senior living home business for sale with option to either purchase real estate or lease. The business was established in 2019 and has seen steady income since. They currently only have 5 residents, so adding a 6th would increase revenue. The seller has never raised prices and expects that a price increase would be beneficial to the business. The seller currently works full time in the business but would like to step away due to a family health issue. The seller thinks the increase revenue from an extra resident and price increase should allow more flexibility for a new owner with regard to staffing. Option to purchase real estate in addition to business price for $400,000. >>
Contact the Seller:
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Property Features and Assets:
Lease Info:
- Square Footage: 2,050
- Total Monthly Rent: $1,800
- Lease Expiration: 2029
- Lease Options to Renew: Negotiable
*Option to purchase real estate in addition to business price for $400,000.
Reason for Selling:
Family Health. Kindly ask the seller for more information.Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
- View more Tennessee businesses for sale
- View more Businesses For Sale in the same industry
- Sell a business online
- Find a business broker
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