Adult Foster Care

MN

Adult Foster Care
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Asking Price: $400,000

Cash Flow: $88,305

Gross Revenue: $155,865

EBITDA: N/A

FF&E: $7,000

Inventory: $300

Real Estate: $339,000

Established: 2002

Adult Foster Care

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Business Description

Great low stress Business!

In 2002 they started the transformation of single family living to providing family style Adult Foster Care. The home is currently designed for 5 clients. There are 3 private rooms and one double room. They recently had a client pass so they have a bed open in the double room. The income is very stable as they receive both private and state funds. Over the years they have by choice provided services mainly for elderly men and women.

Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
N/A
Employees:
3 PT
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
This is a very well maintained home with an out building for hobby, farm type activities along with a couple of other storage buildings.The business activities take place in part of the main level. The two owners have their private area in one end of the main level. The resident numbers could be increased if the new owners would use the lower level as their private area and convert the other upper part to client area. (Home Based)
Competition:
There will be a demand for this care for a long time to come. The hardest part is to coordinate a good fit into the extended family when space opens. Clients are referred by the state and county but also come through private contacts.
Growth & Expansion:
Renovating the home would allow at least 2-4 new clients to reside at the residence
Support & Training:
Will train for 2 weeks @ $0 cost. Special state licensing is required for a 245D Adult Foster Care.
Reason for Selling:
Retirement.
Home-Based:
This business is Home-Based
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Contact the Seller

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David LaVoi

Business Listed By:
David LaVoi

Murphy Business & Financial Corporation

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Sponsoring Broker:
Patrick Steffl

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