Assisted Living Facility - Greater Houston Area

TX

Seller Financing Available
Assisted Living Facility - Greater Houston Area
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Asking Price: $1,425,000

Cash Flow: $214,000

Gross Revenue: $496,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: N/A

Established: 2008

Assisted Living Facility - Greater Houston Area

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Business Description

Excellent Investment Opportunity - Entrepreneur or Business Expansion

Licensed 16 bed assisted living facility nestled in quiet community in the Greater Houston area. This owner operated facility has maintained a strong occupancy rate over the past several years. Assisted living facilities provide excellent services for seniors who wish to remain independent but still need some assistance with daily living. Types of assistance offered in ALFs include help with bathing, dressing, eating, grooming and getting around.

Future industry growth will be spurred by the 77 million Baby Boomers planning to retire over the next two decades. With life expectancy continuing to increase in the U.S., many individuals who retire at 65 will have to decide where to spend the remaining twenty or more years. This is expected to increase demand for assisted living services, and provides an exciting opportunity for entrepreneurs.

Attached Documents


Detailed Information

Inventory:
Included in asking price
Real Estate:
Owned
Included in asking price
Building SF:
6,010
Employees:
13
Facilities:
Converted residential home with approximately 6,010 sf of living area on .504 acres. The kitchen has been updated within the last few years. Facilities also include a storage building, breezeway, open porch, carport and wood deck area.
Competition:
In 2016 appraised value at $1.7M.
Financing:
Owner to consider "gap" seller financing for qualified buyer.
Support & Training:
The current owner/ operator is willing to offer support and training.
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Business Listed By:
Randy Frnka, Texas Real Estate Broker

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