Profitable Residential Care Group Home In Piano For Sale

Business description

This is a well established small Type B licensed assisted living facility in Texas. It was established in 2008. All State inspections have reflected "no deficiencies". It is licensed for eight residents but currently has seven. The remaining vacancy may be used for a live-in or day care resident. Filling this space can have significant impact upon cash flow. Payments are made via private-pay, VA benefits or most long term care insurance policies. This business provides an excellent cash flow for an absentee owner with minimal day-to-day involvement. Owner is not required to be a nurse.

Property information

Real Estate:

Real Property Included

Location:

Five bedroom, three bath home. House has been renovated to be fully handicap and ADA compliant. Includes a monitored commercial fire alarm and fire sprinkler system and a central handicap-accessible bathroom. Wander Guard resident monitoring system was recently installed.

Size in square feet:

3,018

Other information

Expansion potential:

This is a perfect opportunity for someone interested in this type of business to learn the ropes from an already well-established and profitable residential care home. This would position them to then open additional homes at a later date. Owning a second home would allow an owner to place additional referrals.

Competition / Market:

There are several residential care homes in the DFW Metroplex but few in the immediate area. What sets this home apart from others is its impeccable reputation and the fact that it is licensed. There have been no complaints since the business opened.

Reasons for selling:

Relocation

Trading hours:

24/7

Furniture / Fixtures value:

$8,000 (included in the asking price)