Listing Details:

  • Business Category:   Medical Assisted Living
  • Price:                                 $3,600,000                                  
  • Gross Revenue:          $1,222,156
  • SDE:                                   $259,044
  • Location:                          Northern Minnesota
  • Reason for Selling:    Retirement

Business Description: 

Northern Minnesota 24 Bed Assisted Living 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.

 

 

 

 

 

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