Assisted living facility

Iuka, MS (Tishomingo County)

Aerial image

Asking Price:$550,000

Cash Flow:N/A

Gross Revenue:$500,000

EBITDA:$40,000

FF&E:$50,000

Inventory:$5,000

Real Estate:$600,000

Established:2002

Assisted living facility

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Business Description

Well established successful assisted living facility. Death of the owner leads to sale of the facility. It stays near capacity. Operation is run by an employee/administrator. Monthly fee includes meals and a room or a suite. Fees vary depending on unit size and extent of services required. Facility is staffed 24/7. Some residents are fully able to live independently. Others need assistance with meals, medication or daily living activities.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building Sq. Ft.:
N/A
Employees:
14 full and PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is an assisted living facility. it sits on 1.4 acres and contains a 10,496 sf single story facility with 14 single units plus 4 suites. It was constructed in 2002. The attractive building is wood frame with brick veneer. The roof is sloped with asphalt shingles. It has a commercial kitchen area and a large common area with furniture, TVs, etc. Each of the resident rooms is furnished by the individual resident. There is room to expand the facility on the present site.
Competition:
Facility is well known in the area. Residents come primarily from SE US. it is known over the years for its caring approach and quality service. The facility generally stays full. Vacancies are filled quickly. The rates are probably low considering the level of care.
Growth & Expansion:
This facility can be expanded on site. This operating model can be duplicated in other areas.
Support & Training:
As needed and to be negotiated. The owner is not involved in the operation of the business. There is an administrator who is responsible for the complete operation of the facility.
Reason for Selling:
Owner died 2+ years ago; now owned in her estate. Selling to liquidate
Business Website:
http://www.thecarringtonhouse.com

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Mack Browder

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Mack Browder

Crye-Leike Commercial

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