Profitable Assisted Living With Big Private Pay

www.GlobalBX.com

Listing ID: 700332218

Listing Title: Profitable Assisted Living With Big Private Pay

Quick Link: http://www.globalbx.com/listing.asp?bId=332218

Industry: Health and Medical

Industry Segment: Other Health and Medical

Country: United States

State / Province: Virginia

Area

City:

Asking Price Range: $1.0M - $2.5M

Gross Revenues: $728,544

Cash Flow: $264,947

Cash Flow Type: Sellers Discretionary Cash

Year Established: 1990

Number of Employees: 10 - 19

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



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