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VR Business Brokers - Milwaukee West, WI
W229 N1433 Westwood Drive #106
Waukesha, WI 53186
(262) 347-2083
www.vrbizlakes.com
andy@vrbizlakes.com
 

VR Business Brokers - Milwaukee West, WI

W229 N1433 Westwood Drive #106
Waukesha, WI 53186
(262) 347-2083
www.vrbizlakes.com
andy@vrbizlakes.com

Business Listing Details

LISTING#:
4181-1398

M0300: Land & Commercial Property
1398 Assisted Living Operation w 72 beds
LOCATION: South Central Wisconsin
  
ASKING
PRICE

$1,100,000
AMOUNT
DOWN

$1,100,000
REVENUES:
  
$2,613,314
DISCRETIONARY
EARNINGS

$396,916
TOTAL
ASSETS

This is a great opportunity for new owners to step into a fully turn-key assisted living operation where the existing owners spend less than 5 hours per week working on the business.  One facility has 20 units/24 beds and the other has 40 units/48 beds.  The 20 unit facility has the open land to add an additional 20 beds.  The owners currently own/operate the business and lease the facilities.  However, the real estate can be purchased.  2019 projections show a profit of nearly $400,000 for the operation while still paying rent.  For a buyer that pruchases the business operations and the real estate, the 2019 cashflow before P&I moves to nearly $1,100,000 with an estimated profit of nearly $560,000.

Both facilities are less than 10 years old and are in excellent condition.  The larger facility added 20 beds in 2018.  Located in two great communities, they enjoy good reputations and strong employee retention.  Numerous opporunities to increase revenue, increase the census and control expenses.
 
Please Note: This list contains businesses that are offered on a co-operating basis by members of VR Business Brokers. Information contained herein has been provided by the Seller. Broker has not and will not verify the accuracy or completeness of any information. Purchasers are advised to consult with their legal and financial advisors to the extent they deem necessary. No prospect shall receive the name of any listed firm until the STANDARD DISCLOSURE STATEMENT is signed by the prospect. All listings herein are exclusive to the listing office as of the date of submission and have been accepted for publication subject to the cooperation between member brokers as executed and on file with VRBB. Assets Value: An estimate of the Fair Market Value by the seller. DISCR. EARNINGS: A combined estimate of Business Net, Compensation to Owner, Fringe Benefits, Interest and Depreciation Expense. Buyers, Sellers, and Brokers should be aware that all of the following businesses are not available to all types of agencies.