Assisted Living Facility For Sale - 30 Beds
Location South Carolina,United States
Asking Price Range $500K - $1.0M
Gross Revenues $310000
Net Profit / Cash Flow $71000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Yes
Year Established 1990
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Reason for Sale Retirement.
Description 30 bed Assisted Living Facility for sale - business, facility and real estate all included in the transaction. The facility is well kept and offers ample opportunities for expansion and increased profitability.
Opportunities include:
Excellent and rare opportunity for a buyer who is looking to run absentee as there are currently 2 licensed SC Administrators on staff.
Facility is not currently participating in the SC IPC program. A new owner could contract this program and increase revenues and profits with little added cost.
The facility is currently overstaffed and the Owner works only minimal hours - adjustments could be made to reduce staffing expense and increase profitability.
An adult day care is needed in the area and could be added with little additional cost.
Facilities:
8,617+/- Square Foot Facility on 3.14+/- Acres (subject to buyer verification). Built in 1989 with an addition added in 2000. 16 total bedrooms. Fully furnished - Typical furnishings in each bedroom include beds, dressers and end tables.
Support:
Seller will stay for a reasonable transition period to be negotiated. Also, the Assistant Administrator has an SC Administrators license and could be promoted to Administrator.
Competition:
Minimal as there are only a couple ALF's in the County.
Reason for Selling:
Retirement
Seller Financing:
Owner would consider seller financing a portion of the purchase price to be negotiated.
Click Here To Contact Seller
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