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Assisted Living Operating Co & Facility

Listing Number: 17441-576495

Description

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.

Listing Details

  • 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
  • Employees:
  • Reason for Selling: Retirement
  • Category: Medical Related Biz
Assisted Living Operating Co & Facility

Contact Agent:

Ross Haymes
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