|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.