Family-Owned Assisted Living Home

Undisclosed Address, Michigan
Business Opportunity for Sale
Catylist Listing ID: 30773947
Property Subtypes: Health and Medical
Building Size (RSF): 4,200 SF
Sale Price: $795,000
Name of Establishment: Family-Owned Assisted Living Home
Business Website Address: https://bit.ly/3ol2Bpt
Year Business Established: 2003
Gross Revenue: $445,011 (Annual)
Cash Flow: $162,841 (Annual)
Last Updated: 11/11/2021

Overview / Comments

Established in 2003, this Company is an assisted living center focused on providing the utmost quality of life for its retired residents. Intentionally kept small, the living center provides three home cooked meals daily, as well as private rooms, individual laundry and housekeeping services, numerous activities, and several other amenities.

The facility gives its residents the best of both worlds: a rustic country setting, with easy access to the nearest downtown amenities. The staff are trained and supervised by Registered Nurses.

The founders started the Company after caring for their own elderly parents. After nearly two successful decades, they are seeking to sell the Company in order to transition into their own retirement.

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Additional Details

Industry Segment: Long-Term Care Facilities
Reason for Selling: Retirement.
Value of Inventory Included ($): $0
Value of Furniture, Fixtures, and Equipment ($): $13,000
Real Estate Status: Real Property
Value of Real Estate Included ($): $0
Real Estate Lease Description: Leased at $4,950 per month
Employee/Labor Description: 9 Full-time
Mgmt/Training Support Description: Ownership is willing to provide reasonable and customary transition assistance.
Competition/Market Description: (1) Exceptional Quality of Life Care (2) Beautifully Maintained Property (3) Community Memberships & Affiliations (4) Glowing Testimonials
Growth/Expansion Opportunities: (1) Expansion of Capacity (2) COVID Isolation (3) Surgery/Accident Recovery
Seller Financing Description: Limited seller-financing is available for qualified buyers.

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Demographic Statistics

Proximity: 5 miles
Total Population: 2,593
Median Age: 44.17
Households: 1,031

Contact

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