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Assisted Living Facilities

Shenandoah Valley, Virginia (Rockbridge County)

Services - Other Miscellaneous services | Services - Other Personal Services

Asking Price $2,800,000 Inventory $5,000* 
Gross Income $548,400 Real Estate  
Cash Flow $260,000 Year Established 2002
FF&E $200,000* Employees 11

* included in the asking price

** not included in the asking price

Provides private pay care to a growing community of retirees moving into the valley from across the U.S. The facility is beautifully designed, clean, well staffed (including administration). The interior is designed to be spacious while maintaining a sense of home-like comfort. Each of the 19 rooms is unique and beautifully decorated; 17 private and 2 semi-private for 21 residents. Large, well-maintained grounds with benches and flower gardens. The facility stays at or close to capacity at all times. Good reputation with many referrals.

Facilities: The 12,800 sq.ft. facility, with ample parking, is located in the country with spectacular views of three mountains.

Competition: Residents can experience a private, rural setting, just five minutes from historic Virginia city. Manager's/Owner's apartment in facility.

Growth/Expansion: Owner has recently raised monthly rates for all new clients and has scheduled an increase for all clients in 2007. Ample land for expansion. Land value increasing at strong rate, insuring profitable return on investment within 3-5 years on buildings and property alone. This business will continue to increase in value in spite of economic fluctuations.

Reason Selling: Retirement

AD # 322636

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