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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