1398 Assisted Living Business Operations

WI

Seller Financing Available
1398 Assisted Living Business Operations
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Asking Price: $350,000

Cash Flow: N/A

Gross Revenue: $894,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Rent: $24,666.67 /Month

Established: 2014

1398 Assisted Living Business Operations

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Business Description

Great opportunity to get into the assisted living industry. Highly motivated sellers! This is a great opportunity for new owners to step into a fully turn-key assisted living operation where the existing owners spend less than 5 hours per week working on the business. The facility has 20 units/24 beds with open land to add an additional 20 units/24 beds. They have a full commercial kitchen in place. The owners currently own/operate the business and lease the facility. However, the real estate can be purchased. The operations have been a small asset within the owners’ large portfolio of medical/health related businesses. The owners have operated the business for less than 5 years and have the facility near capacity.

The rented facility is less than 10 years old and in excellent condition. The facility is located in a great community, they enjoy a good reputation and strong employee retention. Numerous opportunities to increase revenue, increase the census and control expenses.

The owners have done all of the heavy lifting to get the business started and incurred the heavy costs of startup and filling the facility. Due to their other business operations, the owners never spent the required amount of timing operating and managing the business and the expenses. This operation needs an experienced owner and/or a new owner that will invest the time to properly manage the operations and expenses.

A new owner could purchase the real estate and the combined entity becomes even more profitable.

Detailed Information

Real Estate:
Leased
Building SF:
20,000
Lease Expiration:
N/A
Employees:
13
Facilities:
Facility are less than 10 years old and in excellent shape.
Competition:
Limited competition in each location.
Growth & Expansion:
Numerous opportunities for increasing revenue such as private pay rates, regular rate increases, rapid rehab, adding on to the facility as well as expense control. Expense control has been a central issue since the start of the business due to lack of oversight.
Support & Training:
Fully turn-key operations with in place administrator and full staff. Owners spend less than 5 hours per week on the business.
Reason for Selling:
To concentrate on other activities.
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Tim Bullard

Business Listed By:
Tim Bullard

VR Lakes Business Group, Inc.

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