Profitable and Established Assisted Living Center
Michigan
| Asking Price: | $9,400,000 |
| EBITDA: | $1,200,000 |
| Real Estate: | $7,000,000 |
| Gross Revenue: | $2,080,000 |
| FF&E: | $950,000 |
| Established Year: | 2015 |
Listing ID: 1905598Listing provided by BizBuySell
BUSINESS DESCRIPTION
High-end Assisted Living with Waiting List
*We have received a large number of inquiries on this business since listing. No info will be sent without proof of funds and a signed NDA.
This business is located just outside of Grand Rapids, MI.
Very profitable. Beautiful center with top-notch reputation. The center, staff and residents are all amazing! Once in a lifetime opportunity.
DETAILED INFORMATION
Location
Michigan
Inventory
Included in asking price
Real Estate
Owned
Included in asking price
Building SF
13,000
Employees
25
Furnitures, Fixture & Equipment(FF&E)
Included in Asking Price
Facilities
Beautiful building with state of the art design. Fully remodeled and a new addition with two licenses. All new steel roof. Immaculate condition with new outside courtyard and pergola. Great reputation, waiting list and longterm staff. Turn key ready with great cash flow. Once in a lifetime
opportunity. Message for more pictures and returns.
Competition
Only memory center in town that has secured doors. Top rated assisted living center. Full with a waiting list. Very active FB and website.
Growth & Expansion
30-bed that has room to grow by $1000 per bed to stay with going rates locally.
Financing
No
Support & Training
Seller will stay on board the first 90-day, then available by phone and to help oversee the first year.
Reason for Selling
Retiring
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