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Profitable Assisted Living With Big Private Pay
Location: United States -> Virginia
Industry: Health and Medical > Other Health and Medical

Business Summary

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.

Listed Price: $1,950,000
For more information, Please contact Richard K Halterman ll @ 540-248-8899


Asking Price Range:  $1.0M - $2.5M
Gross Revenues:   $728,544
Cash Flow:   $264,947
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $1,950,000
Seller Financing:  Yes

About The Business

Year Established:  1990
Number of Employees:  10 - 19
Relocatable:  No
Franchise:  No
Current Real Estate:  Owned
Property:  Property For Sale

About The Sale

Management Training and Support:  Will train for 4 weeks @ $0 cost.
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.


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Profitable Assisted Living With Big Private Pay Photo 1

Print Listing Id: 700332218
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