Upscale Senior & Assisted Living Center For Sale

Business description

Current Revenues are as of 12/31/2007. The Seller is an “Absentee” manager, but maintains the financials.

An "Upscale", family owned and operated Independent and Senior and Assisted Living facility located NE, TX, in a picturesque residential neighborhood situated on approximately 5 acres. Near the medical, hospital and shopping districts, this offering is a peaceful facility— intimate enough to provide personalized attention to your loved one. (All Real Estate and buildings are included in the offering. Approx 5 Acres)

Dailey Resources, Inc., is a Licensed Real Estate Broker. This is neither an offer to sell nor a solicitation to sell securities.

Property information

Real Estate:

Real Property Included

Location:

A total of 5 Acres. Current resident count is 22 AL and 6 IL. with buildings occupying approx 4 acres plus parking facilities.

Other information

Expansion potential:

An additional acre is available for additional units. the owner has started drawing the construction plans for a multistory unit to add 8 additional AL suites and up to 12 additional Independent Living apartments.

Competition / Market:

The competitive environment in the area is healthy. However, the non-institutional appearance and home-like setting give the business a distinct advantage and a strong niche in the market. The area has several institutional-style Assisted Living facilities. In January 2007 a 60-unit Assisted Living was opened in the city. They have struggled to fill their rooms but this business has experienced no decline in move-ins since this newer competitor opened for business.

Support & training:

Full transitional training. Facilities has Licensed Director

Reasons for selling:

Health and family reasons

Furniture / Fixtures value:

$34,952

Inventory / Stock value:

$500

Contact the seller