Assisted Living Facilities
Location:
United States
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Virginia
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Shenandoah Valley
Industry: Health and Medical > Other Health and Medical
Business Summary
Provides private pay care to a growing community of retirees moving into the valley from across the U.S. Current owner has built both facilities. They are open 24/7.
Owner is selling two facilities as a package. They are 20 minutes apart. One is in the country with a spectacular view of the Blue Ridge Mountains and the other is in the city off of a four lane highway with easy access to churches, stores, etc. The facilities are beautifully designed, clean, well staffed (including administration) with excellent kitchen and dining facilities. Total of 47 rooms. The city facility is 18,000 sq.ft. and the country facility is 8,000 sq.ft. The facilities stay at or close to capacity at all times. Good reputation with many referrals.
Owner has recently raised monthly rates for all new clients and has scheduled an increase for all clients January 1, 2007. Ample land for expansion at city facility. Land value increasing at strong rate for both facilities, insuring profitable return on investment within 3-5 years on buildings and property alone. Contact for more information on this Assisted Living business for sale. $9,000,000
Financials
Asking Price Range: $5.0M - $10.0M
Gross Revenues:
$1,300,000
Cash Flow:
$520,000
Cash Flow Type: Sellers Discretionary Cash
Inventory: $503,000
Seller Financing: Not Disclosed
About The Business
Year Established: 1998
Number of Employees: 20 - 34
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Reason For Selling: Retirement.
Click on the "I'm Interested" button above for more information on this Health and Medical > Other Health and Medical business for sale.
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Print Listing Id: 70050363
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