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

Asking Price	$600,000	Inventory
Gross Income	Not Disclosed	Real Estate
Cash Flow	Not Disclosed	Year Established	2007
FF&E	N/A	Employees	4

* included in the asking price

** not included in the asking price

The current owner purchased the home as a real estate investment with an assisted living facility business as a tenant. The tenant vacated the premises in January 2007. The seller had to get a new MDMH license and Medicaid Waiver subsidy, which was issued in July 2007. He was then able to begin seeking new clients. The third floor is an apartment for the resident manager. The home offers 3 meals daily, housekeeping and laundry service, regular visits with a registered nurse, and client status checks day and night. According to the U.S. Census Bureau, the over 65 population currently totals 12.8 million, and will more than double in the next 55 years. The over 85 population now is 4.3 million, and will more than triple in the next 45 years.

Facilities: The building is 84 years old with new windows, aluminum siding and is 2276 square feet. The facility offers off street parking.

Growth/Expansion: The facility offers a maximum 9 beds.

Support/Training: The owner will be offering 2 weeks training and assistance with medicaid waiver applications as well as state applications.

Reason Selling: The owner is leaving the area.