Assisted Living Facility $ Undisclosed
Location: Northern Idaho
Gross: $3,800,000
Cash Flow: $1,200,000
Financing: The seller is willing to accept terms Seller financing is available
Summary Description
The company has an impressive monthly rental average of $3,792 per unit. Operating at 90% occupancy the annual sales will be approximately $4,000,000 in 2009. Adjusted Net Income for 2009 is projected to be approximately $1,200,000. The owners have created a culture that is warm and friendly, with skilled staff, experienced administrators, and satisfied patrons. The majority owner of the business is 67 years old and would like to transition into retirement. The owners enjoy what they are doing and would be willing to remain with the company for as long as needed in any role the buyer deems necessary.
General Information
Facilities:
6 Residential Care Facilities, 2 Administrative Buildings, and 1 Activity Center. 90 Units with a total of 96 beds. Both locations have easy access to main streets and highways and are centrally located for shopping, lodging, and medical services.
Reason Selling:
The owner of the business is 67 years old and would like to transition out
Year Established: 2002
Employees: 40
Contact Information
Contact: Trevin Rasmussen
Phone: 208-319-3800