Profitable Assisted Living with Big Private Pay Opportunity

Business
  • Listing# : 14806
  • Listed Price : $1,950,000
  • Total Sales : $728,544
  • SIC : 8361
  • Down Payment : $390,000
  • Status : Active
  • Discretionary Earnings : $264,947

Business Type :

Healthcare/Medical / Assisted Living Facilities

Business Description :

This very profitable Home has thrived serving primarily the AG community allowing it to be nearly full all the time. While there is a super strong market for this niche of residents, subtle improvements and changes would allow a new owner to move the home to private pay in the mid-range area of approximately $2,500 to $3,500/month. Keep in mind, there is also a serious lack of rooms in this price range. The current cash flow to the owner is in excess of $220,000 per year. Even if a third of the beds were moved to private pay at $2,500/month, the cash flow could conceivably increase by yet another $200K per year (16 x 1,100 x 12).  If the new owner were to be an administrator-owner-operator, the profit would be unbelievable.




Assets/Liabilities:

    • Accounts Receivable $0
    • Incl :
    • Real Estate $600,000
    • Incl : Yes
    • Inventory $0
    • Incl :
    • Liabilities $0
    • Incl :
    • FF&E $10,000
    • Incl : Yes
    • Other: $1,320,000
    • Incl : Yes
    • Leasehold $20,000
    • Incl : Yes
    • Total Assets $1,950,000
    • Incl : Yes

Lender Prequalified: Yes

Similar Listing :

Healthcare/Medical
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