Services - Health, Medical & Dental | Services - Other Business Services

$Seller Financing Available

Asking Price	$1,350,000	Inventory
Gross Income	$385,000	Real Estate	$720,000*
Cash Flow	$200,000	Year Established	1997
FF&E	$75,000*	Employees	3

* included in the asking price

** not included in the asking price

Elderly Assisted Living Facility - Turn Key Business Opportunity

Coastal southern Maine location. Fully equipped, 10 bed, state licensed Level IV, private pay facility. Separate, but attached, 4BR, 1.5 bath, owner's residence with 2 car garage. Zoning approvals to convert owner's residence into 5 additional assisted living rooms. Strong historical cash flow with additional income potential. Free assistance provided to connect a financially qualified buyer with several local banks.

Facilities: Assisted living facility was built in 1997. +/- 4,700 sq ft of space comprised of a 2 story 10 private BR area, each separated by a semi-private bath. Plus 1 story common area containing a main entrance foyer, open K (with appliances), open DR, and large LR with an attached sunroom. Also contains a private office, and storage room. All rooms, including BR, are furnished in accordance with state licensing requirements.

Competition: Primary market for residents is within a 10 mile radius of the facility, within which there are currently 3 private pay facilities, of varying larger sizes. The current owners believe they enjoy the following competitive advantages: 1. Small, homelike environment. 2. Superior, individualized care, delivered by the owner. 3. Owner lives on-site. 4. Excellent physical location.

Growth/Expansion: The facility's last 5 year average occupancy rate is 89%, with 2 of the last 12 years performing at a 96% occupancy level. Local zoning approvals are in place to convert the owner's residence portion of the facility into 5 additional assisted living bedrooms. This conversion could provide the new owner with significant potential for increased gross income and some economies of scale.

Seller Financing Available: Yes

Financing: Some seller financing may be available.

Support/Training: The current owners would be willing to assist the new owners with up to 2 weeks of on-site transition assistance, at no charge after closing. At the conclusion of on-site transition assistance, the current owners would be available for 4 weeks of limited consultation, at no charge.

Reason Selling: Desire to pursue other business and non-business opportunities.