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Private Pay Assisted Living Residence

Independence, KS (Montgomery County)

Seller Financing Available
Private Pay Assisted Living Residence
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Asking Price: $120,000

Cash Flow: $78,937

Gross Revenue: $287,134

EBITDA: N/A

FF&E: $20,000

Inventory: N/A

Established: 1996

Private Pay Assisted Living Residence

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Business Description

A new owner does not need to be a nurse to own and operate this business! This assisted living facility is comfortably located in a converted 8,000 sq. ft. home. This is a major benefit for those looking to live in a more personal, home-like atmosphere without sacrificing the level of care and attention to detail. The assets include the appliances in a full kitchen used for daily meals, and all rooms are fully-furnished. There are currently 4 CMA’s and 3 PRN’s. A new owner does not need to be a nurse to own and operate this business. The staff is dedicated and reliable, with very low turnover and many employees have been employed 4-10 years.

This is located on several acres, so it would be a huge benefit to purchase the land as well (in a separate transaction) to build further accommodations by adding additional residence.

This comfortable home has several resident rooms that include ADA restrooms, large closets, and individual heating and air. It also has shared areas that include an informal dining room, a formal dining room, an activity room, fireplace, a front porch, a large covered deck with ramp, and a garden. Facilities also include a kitchen, laundry area, pantry, and storage.

The residents are mostly independent and do not require full time nursing assistance. Transportation is offered to those residents who request such a service, but most residents are autonomous or seek out help from family. All daily meals are provided on site in the shared dining room. Extended care services are brought in as needed and can include OT, PT, therapists, home health, and hospice. This is not a locked-door facility. All residents are currently private pay.

Attached Documents


Detailed Information

Location:
Independence, KS
Employees:
4
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Facilities:
Capacity: 11 rooms for residents Building: 8,104 sq. ft. Resident Rates: $75-110/day Private Pay: 100%
Growth & Expansion:
Growth Opportunities: Add on to facility, expand services, work with Medicaid and Medicare
Financing:
25% Seller Financing
Support & Training:
Seller Training Period: 90-day transition Current Owner’s Responsibilities: Works 8 hours/week
Reason for Selling:
Career Change
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Cortney Sells

Business Listed By:
Cortney Sells

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