17 Bed Assisted Living in Northern Michigan - Sale Pending

Otsego County, MI

17 Bed Assisted Living in Northern Michigan - Sale Pending
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Asking Price: $850,000

Cash Flow: $135,000

Gross Revenue: $450,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $537,000

Established: 2006

17 Bed Assisted Living in Northern Michigan - Sale Pending

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Business Description

*Currently Under Contract*
Adult Foster Care home in Northern Michigan licensed for 17 beds. The current owners have taken incredible care of this facility, and their passion for the business is obvious as you walk through this clean, well maintained, spacious home.
While this AFC is licensed for 17 beds, the current owners have limited the number of residents to 12 as they have been preparing for retirement. A new owner can quickly increase revenue by simply increasing the number of residents to the allowed amount, which the current demand in the area will easily allow.
This facility sits on nearly 10 wooded acres, with trails, and a large pole barn currently used as storage.
Expansion plans, with blueprints, are available to add onto the property to either add more beds, or an adult daycare program.

Detailed Information

Real Estate:
Owned
Included in asking price
Building SF:
4,100
Facilities:
Licensed for 17 beds. Geothermal heating and cooling. Large heated pole barn.
Competition:
Virtually no competition in this market, with steady demand
Growth & Expansion:
Blueprints available for adding onto the property for more beds or to add an adult daycare program to the business.
Support & Training:
Seller will assist new owner in transition
Reason for Selling:
Retirement
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Contact the Seller

(from currently available funds)
 
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Kevin Vandenboss

Business Listed By:
Kevin Vandenboss

Vandenboss Commercial

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