NOT DISCLOSED, Virginia
| Asking Price |
$3,250,000 |
Year Established |
1999 |
|
| Annual Revenue |
$1,619,280 |
Reason for Selling |
Owner has chosen to transition toward retirement. |
|
| Annual P/L |
$0 |
Attention |
Richard Halterman |
|
| Annual Cash Flow |
$345,166 |
Listing Number |
1013120 |
|
| # of Employees |
25 |
Business Category |
Services: Senior Living & Care, Assisted Living |
|
Business Overview:
This assisted living business provides residential housing and supportive care for adults who need assistance with daily living while promoting independence and quality of life. Revenue is generated through recurring monthly resident fees from both private-pay and government-assisted residents. Driven by favorable demographic trends and an aging population, the industry offers stable demand, recurring cash flow, and the opportunity to provide an essential service within the community.
Property Features and Assets:
<p>The real estate consists of approximately 21,035 square feet of commercial improvements encompassing 47 resident rooms. Based on local government tax assessments, the properties have a combined assessed value of approximately $2.38 million. The real estate has been well maintained and has benefited from ongoing capital improvements over the years. Portions of the property may offer opportunities for future expansion, subject to zoning and regulatory approvals, providing additional flexibility for future growth under new ownership.<br></p><p>Assets = $3,250,000</p>
Market Competition and Expansion:
<p>The assisted living industry in Virginia benefits from strong long-term demand driven by an aging population, increasing life expectancy, and the growing need for residential care. The industry is regulated by the Virginia Department of Social Services and offers stable, recurring revenue through private-pay and government-assisted residents, making established facilities attractive long-term investment opportunities.<br></p><p>Significant growth opportunities exist through increasing private-pay occupancy and expanding relationships with hospitals, rehabilitation centers, physicians, senior placement agencies, and other referral sources. Selective room upgrades and targeted marketing can help reposition the community to attract more private-pay residents. A stronger private-pay mix has the potential to increase average revenue per resident, diversify payer sources, and improve long-term financial performance while maintaining high-quality resident care.<br></p>
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity