Located in a quaint town in Kansas, this beautiful residential care facility is a welcoming home for its residents. At just over 8,000 square feet, this home may be a smaller facility, but 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.
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.
This business is currently operating at capacity and often has a waiting list. The staff is dedicated and reliable, with very low turnover and many employees have been employed 4-10 years. Current staff include CNAs, CMAs, and licensed nurses.
Year Established: 1996
Capacity: 11 rooms
Building: 8104 sq. ft.
Reason for Selling: Career Change
Employees: 4FT (CMAs), 3 PRN (1 LPN, 2CNAs)
One employee on site for each 12-hour shift.
Resident Rates: $75-110/day
Private Pay: 100%
Seller Training Period: 90-day transition
Growth Opportunities: Add on to facility, expand services, work with Medicaid and Medicare
Current Owner’s Responsibilities: Ensure regulations are met, financial management, addresses maintenance issues, currently is a nurse for the facility completing nursing assessments and assisting with medication management (est. 8 hours/week)
Building sale is separate from the business sale
• Expand facilities
• Expand services offered
• Work with Medicaid and Medicare
4FT (CMAs), 3 PRN (1 LPN, 2CNAs)
Purchase Price: $165,000
25% Buyer Down Payment: $41,250
25% Seller Financing: $41,250
50% Bank Loan: $82,500
A 25% down payment of $41,250 returns $60,477 in the first year after debt payments!