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BUSINESS FOR SALE - PROFILE #  4181-1398

1398 Assisted Living Operation w 24 beds
South Central Wisconsin

Asking Price: $3,850,000   Down Payment: $3,850,000  
Gross Revenue: $1,138,575   Adj. Cash Flow*: $504,652  
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Executive Summary
New Price w Real Estate included! This is a great opportunity for new owners to step into a fully turn-key assisted living operation where the existing owners spend less than 5 hours per week working on the business.  The facility has 20 units/24 beds with open land to add an additional 20 units/24 beds.  They have a full commercial kitchen in place. The owners just started acitvely managing the operations in late 2019.

The facility is less than 10 years old and in excellent condition.  The facility is located in a great community, they enjoy a good reputation and strong employee retention.  Numerous opportunities to increase revenue, increase the census and control expenses.

The owners have done all of the heavy lifting to get the business started and incurred the heavy costs of startup and filling the facility.  Due to their other business operations, the owners never spent the required amount of timing operating and managing the business and the expenses.  This operation needs an experienced owner and/or a new owner that will invest the time to properly manage the operations and expenses.

The real estate was recently appraised at $3.5 MM.  This is a perfect opportunity for an existing operator with experience to take over.  Fully turn-key.  An excellent deal with a 13% cap rate.

Acquisition Highlights

  • Great facility in south central Wisconsin. Building was built in 2014 and is in excellent condition. Owners have been absentee until October of 2019.
  • The owners have used limited marketing since starting the business in 2014. A more seasoned ownership group could easily make expense and revenue changes to increase profitability.
  • This business is not a franchise
Business Synopsis

Asset Information (estimated fair market value)

Established in: 2014 Inventory: Included
Employees: 13 FT, 14 PT Furniture, Fixtures & Equipment: Included
Real Estate:
    Total Assets Included in Sale:
 
* Adj. Cash Flow -  Recasting provides an economic view of the company and allows meaningful comparison with other investment opportunities.
Additional business details are available to Principals only. You will be required to document your ability to complete the proposed transaction.  Please use this link to request more INFORMATION which will be sent to the listing office.
DISCLAIMER: All information contained in this document has been provided by the subject company or its agent, and while believed to be correct has not been verified. Accordingly, we makes no representations or warranties as to the accuracy and truthfulness of such information. The recipient hereof acknowledges that we shall not be liable for any loss or injury suffered by said recipient in any way connected to the delivery by us of this document. At all times we are an agent for the seller and not for the buyer unless a specific agreement exists for us to act as the buyer's agent.

FOR MORE INFORMATION:

Contact:  Timothy Bullard
Phone:  (262) 347-2083
Fax:  (262) 347-2090
E-mail:  timb@vrbizlakes.com
VR Business Brokers - Milwaukee West, WI
W229 N1433 Westwood Drive #106
Waukesha, WI 53186
www.vrbizlakes.com
The above company and/or agent is a licensed real estate broker/and or a business broker.
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