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Listing ID: 2791924

Converted Home for Assisted Living For Sale

Kansas, United States

$ 154,000

(Furniture / Fixtures included)

Revenue: $ 326,149

Cash Flow: $ 84,168

Business Description

This assisted living facility is comfortably located in a converted 8,000 sq. ft. home. This is a major benefit for those looking to live in a more personal, home-like atmosphere without sacrificing the level of care and attention to detail. The assets include the appliances in a full kitchen used for daily meals, and all rooms are fully-furnished. There are currently 4 CMA’s and 3 PRN’s. A new owner does not need to be a nurse to own and operate this business. The staff is dedicated and reliable, with very low turnover and many employees have been employed 4-10 years.

This is located on several acres, so it would be a huge benefit to purchase the land as well (in a separate transaction) to build further accommodations.

This comfortable home has several resident rooms that include ADA restrooms, large closets, and individual heating and air. It also has shared areas that include an informal dining room, a formal dining room, an activity room, fireplace, a front porch, a large covered deck with ramp, and a garden. Facilities also include a kitchen, laundry area, pantry, and storage.

The residents are mostly independent and do not require full time nursing assistance. Transportation is offered to those residents who request such a service, but most residents are autonomous or seek out help from family. All daily meals are provided on site in the shared dining room. Extended care services are brought in as needed and can include OT, PT, therapists, home health, and hospice. This is not a locked-door facility. All residents are currently private pay.

Property Details

Size:

8104 sq. ft.

Years Established:

1996

FF&E:

$ 20,000

Other Details

Business Location:

Rural Kansas

Premise Details:

Building sale is separate from the business sale

Expansion Potential:

• Expand facilities • Expand services offered • Work with Medicaid and Medicare

Operation Details

Employees:

4FT (CMAs), 3 PRN (1 LPN, 2CNAs)

Support & Training:

90 days transition

Miscellaneous

Financing Available:

Yes
Purchase Price: $154,000 25% Buyer Down Payment: $38,500 25% Seller Financing: $38,500 50% Bank Loan: $77,000 A 25% down payment of $38,500 returns $62,057 in the first year after debt payments!

Reason For Selling:

Career Change

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