Assisted Living Facilities
Location Virginia,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $548400
Net Profit / Cash Flow $260000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 2002
Number of Employees 10 - 19
Inventory 205000
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale Retirement.
Description Provides private pay care to a growing community of retirees moving into the valley from across the U.S. The facility is beautifully designed, clean, well staffed (including administration). The interior is designed to be spacious while maintaining a sense of home-like comfort. Each of the 19 rooms is unique and beautifully decorated: 17 private and 2 semi-private for 21 residents.
Large, well-maintained grounds with benches and flower gardens. The facility stays at or close to capacity at all times. Good reputation with many referrals.
The 12,800 sq. ft. facility is in the country with spectacular views of three mountains. Residents can experience a private, rural setting, just five minutes from historic Virginia city. Manager's/Owner's apartment in facility.
Owner has recently raised monthly rates for all new clients and has scheduled an increase for all clients in 2007.
Ample land for expansion. Land value increasing at strong rate, insuring profitable return on investment within 3-5 years on buildings and property alone.
This business will continue to increase in value in spite of economic fluctuations.
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