20 Bed Assisted Living Home LAKE FRONT!!!! Oakland County

White Lake, MI (Oakland County)

20 Bed Assisted Living Home LAKE FRONT!!!! Oakland County
Contact Seller

Asking Price: $810,000

Cash Flow: $120,000

Gross Revenue: $526,879

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $450,000

Established: 1993

20 Bed Assisted Living Home LAKE FRONT!!!! Oakland County

Save Print Share Valuation Report

Business Description

Heaven on Earth!!! That is what this 20 bed Assisted Living Home is. Patients enjoy the waterfront view of a major all sports lake in Oakland County. This community group home provides 24 hours around the clock 7 days a week care for 20 residents with hygiene, dispenses medications, cleans and prepares meals. This home tends to the elderly and the mentally ill This is a 98% occupancy now but usually a 100% occupancy. The owner opened this business in 1993 and would love to stay but it’s time to retire.

There is an additional lake front lot available right next to this one for $139,000.00.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
4,000
Employees:
10
Financing:
CASH/SBA
Support & Training:
The owner will stay and train to ensure a smooth transition.
Reason for Selling:
Owner is ready to retire
Contact Seller

Contact the Seller

Contact Seller Loading

Joseph Barbera

Business Listed By:
Joseph Barbera

Locations Commercial Real Estate Services

Show Phone Number

View My Listings

Listing Statistics

Saved This Listing:
Unlock
Days Active On Site:
Unlock
Appeared in Search:
Unlock
Listing Detail Views:
Unlock


Ad#:1590207 Report an issue with this listing

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness.
Read BizBuySell's Terms of Use before responding to any ad.


Similar Listings


Sharkey’s Cuts for Kids

Franchise Opportunity In MI
Capital Required: $144,920