Highly motivated sellers! 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. The facility has 20 units/24 beds with open land to add an additional 20 units/24 beds. They have a full commercial kitchen in place. The owners currently own/operate the business and lease the facility. However, the real estate can be purchased. The operations have been a small asset within the owners’ large portfolio of medical/health related businesses. The owners have operated the business for less than 5 years and have the facility near capacity.
The rented facility is less than 10 years old and in excellent condition. The facility is located in a great community, they enjoy a good reputation and strong employee retention. Numerous opportunities to increase revenue, increase the census and control expenses.
The owners have done all of the heavy lifting to get the business started and incurred the heavy costs of startup and filling the facility. Due to their other business operations, the owners never spent the required amount of timing operating and managing the business and the expenses. This operation needs an experienced owner and/or a new owner that will invest the time to properly manage the operations and expenses.
A new owner could purchase the real estate and the combined entity becomes even more profitable.