Western Slope Assisted Living Facility

Grand Junction, CO (Mesa County)

Western Slope Assisted Living Facility

Asking Price:$299,000

Cash Flow:$42,372

Gross Revenue:$167,683




Real Estate:$200,000


Western Slope Assisted Living Facility

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Business Description

Western Slope Assisted Living Facility

This is an 8-bed assisted living facility which was started in 2002. The current owner has owned the facility since 2007. This facility is Medicaid-approved however private-pay residents are accepted. The current rent amount per resident is slightly over $2,200.00 per month for Medicaid residents and approximately $2,870.00 monthly for private-pay residents. The home has wheelchair access and consists of 4 resident bedrooms that are licensed for double-occupancy. It has three full baths one of which is located on the second floor which is used by the staff or for separate housing. The central bath was updated in 2012. It has a separate laundry room with large-capacity washer and dryer and a sink. It has one good-sized pantry, a living room and a very large and bright kitchen. It has a good-sized private office. This facility is unique in that there is a small apartment upstairs with a sitting room, bedroom, and bath. The owner actually lives in the apartment which eliminates the need for additional employees for the night shift. If a new owner did not want to live in the apartment, they could rent it out to a private individual and generate additional income.

Detailed Information

Included in asking price
Real Estate:
Included in asking price
Building Sq. Ft.:
The home sits on a 7,500 square foot rectangular-shaped lot with a lovely sitting deck in the front of the house with a view of the Uncomphagre Mountains. It has a fenced garden in the front with fruit trees and a 6-foot privacy fence surrounding the rear patio sitting area. It has a private 4-car parking area. The house has 2,464 square feet living area and has had a recent appraisal which showed a value of $200,000.00 for just the real estate alone. A new roof was installed in 2015 and has a 20-year warranty. (Home Based)
Growth & Expansion:
This is an established business with an excellent reputation in the area. This facility, in addition to the regular residents, currently has one adult day-care client. The day-care side of the business provides an additional $80.00 daily per client. These clients go home at the end of the day so no night-time care is necessary. The owner is in the process of marketing so as to add a total of four day-care clients which will provide an additional $320.00 per day or approximately $80,000.00 of income annually based on a 250 day per year service. As baby boomers are getting older, there will be a greater need for this type service. Also, there are only two other licensed assisted living facilities in the area and the other two are completely different from this facility. ** THE SDE NUMBERS DO NOT INCLUDE ADDITIONAL OWNER BENEFITS SUCH AS HIS APARTMENT PROVISION AND OTHER BENEFITS
Support & Training:
Negotiable as required by Purchaser.
Reason for Selling:
Owner going back to educational profession.
This business is Home-Based

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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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