Senior Residential Care Facilities

Not Disclosed, Nova Scotia

Asking Price: Annual Revenue:
$2,500,000 $2,623,753

Services: Senior Living & Care, Assisted Living

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RE: Senior Residential Care Facilities Broker: Mark Pothier

Quick Facts

Asking Price: $2,500,000
Annual Revenue: $2,623,753
Net Profit: Not Disclosed
Cash Flow: $747,953
Total Debt: Not Disclosed
FF&E: $33,918
Real Estate: $7,500,000
Year Established: 1991
Employees: 35
BBN Listing #: 26324955
Broker Reference #: 9201-16863

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Business Overview:

The company operates well established provincially funded residential care facilities in the province of Nova Scotia.

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Property Features and Assets:

The facilities are IFC constructed, approximately 10 years old, and built to a nursing home standard. Assets = $8,249,890.

Market Competition and Expansion:

There are nursing homes in the region but no other large scale residential care facilities. As with all other regions demand outstrips supply. Growth could come from establishing new facilities on the existing lands.

Reason for Selling:

The owner is nearing retirement age.

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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