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Income Producing Senior Care Home For Sale

Polk County, Tennessee
Asking Price:
$399,500 Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$126,000
Cash Flow:
$50,000

Senior Care Home For Sale for $399,500. This is a 6 bed supported living senior care home in a rural neighborhood near four metropolitan cities and airports. It is an income producing property that currently hosts 6 residents, however the facility is licensed for 8 residents. It is a 1.25 acre property and the home can be expanded by adding three more bedrooms and four more bathrooms. This would increase the profit ratio considerably. Revenues currently exceed $126,000 and net profit is in excess of $50,000. A large garage on premises can also be converted into living quarters or apartments. This home is in the same area as high priced Assisted Living facilities By adding three bedrooms and four baths this will provide for 8 residents. All of the residents will have their own baths and own private bedrooms. In addition, there is room to add another home on the property. Services provided include: laundry, housekeeping, three nourishing meals with in between snacks, activities, medication therapy, and lots of socializing. Great reviews on Facebook plus a 4.5 star rating. Residents enjoy a home environment and a relaxing atmosphere.The home interior has cathedral ceilings, beautiful stacked rock fireplace, walnut mantle, hardwood and bamboo flooring throughout with ceramic tile in all of the safely equipped bathrooms. There is also a beautiful back deck with lovely front porch and lawn that is much appreciated by the residents and great area for them to entertain their visitors. There are two drive ways, one at the back of the home and one at the front of the home. Security is throughout the home and a beauty and office space is attached to the home,This is a turnkey business that includes real estate, business and furniture, fixtures and equipment. You can walk right in and start producing income. Owner also suggests that you may want to consider becoming a Medicaid Provider. This will bring in additional money from every resident that would qualify for Medicaid. Good financials available for serious qualified buyer. Owner Financing is available with $50,000 down payment! Terms to be discussed. Owner is selling due to health reasons. Call for more information on this good opportunity.

Property information

Real Estate:

Real Property Included

Living Accommodation:

6 bed supported living senior care home

Location:

Perfect location for a senior home in a rural neighborhood of Polk County Tennessee near the Ocoee River and home of the 1996 Olympics. Conveniently located close to Ducktown, Copperhill, Chattanooga, Cleveland, Knoxville, and Maryville and within 2.5 hour drive to Atlanta, Georgia. and Walhalla, South Carolina. The property is also within easy access to three major air ports. Call to hear more.

Premises Details:

6 bed supported living senior care home in a rural neighborhood on 1.25 acres

Business Operation

Expansion Potential:

Great opportunity for expansion by adding three more bedrooms and four more bathrooms. This would increase the profit ratio considerably. Also by becoming a Medicaid provider.

Competition / Market:

Not an issue

Reasons for selling:

Owner is retiring due to health issues..

Trading hours:

Call for details

Employees:
4
Years established:
2014

Other Information

Support & training:

Owner offers both training and support to ensure a smooth transition to a new Owner. This can be negotiated.

Owner financing:
Owner financing is available. Please contact the seller for more information.
Financing available:

Owner Financing is available with $50,000 down payment! Terms to be discussed--call for details

Furniture / Fixtures value:
$20,000 - included in the asking price

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