Assisted Living Facility-West- Sub-Mpls

Minnetonka, MN (Hennepin County)

Assisted Living Facility-West- Sub-Mpls

Asking Price:$795,000

Cash Flow:$153,111

Gross Revenue:$407,248

EBITDA:N/A

FF&E:N/A

Inventory:N/A

Real Estate:$550,000

Established:2007

Assisted Living Facility-West- Sub-Mpls

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Business Description

Seclusive, Tranquil, Turnkey & Profitable Establishment. Simple and elegant assisted living home catering to individuals with exceptional needs.

Seller will consider selling the Business only and renting the real estate.
Business and property will qualify for an SBA loan with as little as 15% down.

A buyer could run this business as an absentee owner by hiring an LPN ( who would work 20 hours per week with patients and 20 hours per week on business management) The additional cost would be approx $30,000 including benefits.
The Cash flow to an absentee owner would be $123,000 after all expenses,but before an debt service paid.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
10 - 12
Facilities:
Highly sought after Assisted Living & Real Estate Business providing 24 hour care with medical, meals, housekeeping, and personal services. Home is located in a desirable residential area, and on a cul-de-sac, which has 2,200 finished square feet on the main floor, and 1,900 finished sq. ft. on the lower level. It sits on .41 acres with a beautiful nature type setting. Home has six bedrooms and a new (2015) commercial kitchen.
Competition:
Home is located in a prime location. Assisted living home that feels like a home. Very desirable for clients and their families.
Growth & Expansion:
Yes, could offer day care as a way to increase revenue. currently rental rates are below average compared to other assisted living centers in the area.
Financing:
maybe
Support & Training:
Owner/Director can be retained on contract for specified amount of time if needed for a smooth transition.
Reason for Selling:
reloaction

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Terry Doyle

Business Listed By:
Terry Doyle

Metro Business Brokers Inc.

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