32 Bed Assisted Living Elderly Care Center

Canon City, CO (Fremont County)

32 Bed Assisted Living Elderly Care Center

Asking Price:$2,595,000

Cash Flow:$270,430

Gross Revenue:$860,277

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$2,200,000

Established:2003

32 Bed Assisted Living Elderly Care Center

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Business Description

Assisted living is a very important part of the continuum of senior care. This 32 bed assisted living elderly care business consists of two properties each with 16 beds and attached homes for owners or supervisors. This business is designed for individuals who require assistance with everyday activities such as meals, medication management or assistance, bathing, dressing and transportation. With that in mind, a long-term care option that combines housing and support services is the perfect solution for those concerned with the care of their loved ones. The centers do have an innovative work program for residents that help them with self-confidence and a sense of well-being.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
18
Facilities:
One property was built in 2003 and the other was completed in 2008. Each 16 bed facility is one-story consisting of approximately 4,150 square feet and both centers have an attached two-story single family residence attached.
Growth & Expansion:
Several options exist for a new owner. The facility is fully staffed and could be operated as the current owner is doing with no change in staffing or responsibilities. Additional marketing is always an option to increase occupancy. If the new owner was a couple they could occupy one of the residences and take on some of the responsibilities such as cook, administrator or even handyman services for which there is a full time person now. The seller will consider selling each facility separately and there is some existing financing in place that could be assumed.
Support & Training:
Negotiable as required by Purchaser.
Reason for Selling:
Retirement

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Phillip Finsterwald

Business Listed By:
Phillip Finsterwald

National Business Brokers, Ltd.

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Memberships & Certifications:
Indicates membership in The Colorado Association of Business Intermediaries (CABI).

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