MergerPlace

Profitable Assisted Living

Virginia


  • Asking Price: $1,950,000
  • Gross Income: $728,544
  • Cash Flow: $264,947
  • Real Estate: $600,000
  • Inventory: Not Disclosed
  • FF&E: $10,000
  • Listing ID: #212941
  • Established: 1990
  • Employees: 11 FT / 4 PT

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.


Business Details

Primary Business Category: Health Care - Nursing & Residential
Location: Virginia

Company Information

Year Established: 1990
Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 11 FT / 4 PT

Financial Information

Asking Price: $1,950,000
Gross Revenue: $728,544
Cash Flow: $264,947
FF&E: $10,000
Real Estate: $600,000
Seller Financing Available: No

Property Information

Facilities:

This a 50 plus bed facility. Roughly 27,000 square feet with brick veneer exterior and metal roof.

Growth & expansion opportunities:

It has already been pointed out that the easiest ways to grow would be for the owner to also be Administrator, secondly make some slight improvements to the facility (new paint, furnishings, etc) and there would be an attraction to more private pay residents. Lastly, a direct marketing approach would go a long ways towards bringing the higher paying private pay individuals into the facility. There is a high demand for the mid-level private pay in the Shenandoah Valley.

Competition:

There is a tremendous need for homes of all sizes for the aging population. Auxiliary Grant homes and mid-range private pay homes are in particular high demand.

Reason for selling:

Owner desires to enjoy the fruits of his labor over all these years by retiring while on top and with enough time to enjoy some travel during retirement.

Support & Training:

Will train for 4 weeks @ $0 cost.

Contact Business Seller

This form may be used only to contact the seller of this specific business listing. Please do not use this form for any other purpose.

Business Listed By:

Richard K. Halterman ll

Murphy Business Brokers