Listing Number: 17441-576495
Northern Minnesota 24 Bed Assisted Living Operating Company and Facility uniquely situated on a rural, 7 acre campus but in close proximity to a medical community that includes a regional hospital, ophthalmology, dental, surgical center and other services. The facility is registered with the State of Minnesota as a Housing with Services and Home Care Provider.
Occupancy is typically 100% and the facility has a waiting list of interested residents
Additional land available for future expansion
Opportunities to improve profitability through revenue improvements and cost saving initiatives
Current staffing consists of RN’s, LPN’s, PCA/NA and Maintenance
Key drivers of the U.S. assisted living industry are the increasing aged population and the growing need for Alzheimer and Dementia care.
Seller is seeking a buyer to acquire the building and the operating company in an all-cash transaction
Both companies are closely held with common ownership
Management is willing to stay with new ownership through transition period.
- Price: $3,600,000
- Down Payment: $3,600,000
- Sellers Discretionary Earnings: $284,889
- Total Sales: $1,244,674
- Location: Minnesota
- Inventory: $0
- FF&E: $100,027
- Reason for Selling: Retirement
- Category: Medical Related Biz