Cranbrook Senior Private Independent Living Business And Facility For Sale

Business description

Located in Cranbrook, this is an excellent opportunity for a licensed health care worker or nurse seeking business ownership in a rewarding, low risk industry providing a recession proof type quality. This small, private senior care facility, specializing in independent, supportive living is available for a new owner in beautiful south eastern British Columbia, Canada. It is a proven and established small business, enjoying a steady cash flow with a zero vacancy rate plus waiting list for future residents. With a significant population of adults reaching age 65 and older, the demand for senior independent living facilities is increasing. This 39 billion dollar industry will continue to expand, providing a secure opportunity for this facility’s new owner.

Close to a park, a creek and walking paths, this spacious, two-level, 4000 square foot care home includes a 2000 square foot, fully equipped 5 room owner’s suite plus office on the lower level, allowing for the owner to live comfortably on-site. The upper level boasts 6 individual bedrooms plus one large couple’s bedroom, all with cable access, allowing for a total of 8 clients. The clientele enjoy the main dining room and living room, as well as the full length, covered rear patio and garden area.

The facility includes specialized bathrooms for seniors, railings in hallways, building entrance ramps, and more. Within the last five years, the kitchen and washing machine appliances have all been replaced, the bathroom facilities have been renovated, two energy efficient furnaces have been installed, and the roof has been replaced. This business and owner residence is a turnkey operation and is set for a smooth transition.

The free cash flow in the business is over $80,000 per year. The price of the business including the required working capital of $3,000 is $80,000 with a payback of 1 year. The price for the real estate is $415,000 for a combined total Asking Price of $495,000. For more information, please contact the Pacific broker Byron McDonald by clicking on the contact seller button below.

Property information

Real Estate:

Real Property Included

Size in square feet:

4,000

Business Operation

Reasons for selling:

RETIREMENT

Trading hours:

6/45AM-9.30PM

Employees:

1FT/1PT

Years established:

1979