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Only 10% Down! Est. Residential Assisted Living For Sale

Wake County, North Carolina, US
Asking Price:
$725,000 Furniture / Fixtures included
Sales Revenue:
$346,424
Cash Flow:
$67,396

STRONG ROI with lender financing with only 10% down!!

For only $72,500 down own this business and real estate opportunity. Assisted living facility services that provides an intimate, homelike environment. This facility is part of a reputable franchise brand. This business model has the true potential to make well over $100K per year.

This assisted living facility is fully staffed with strong management and staff already in place that are well trained, compassionate, and dedicated to making this a fantastic business and great investment long term.

Assisted living is a recession resistant industry dealing with a high growth population all while offering tremendous growth opportunities. These factors combined make this one of the best opportunities in the country. All the current residents are fairly independent and don’t need total care making the employees jobs easier which keeps them from burning out. There is also a lift onsite which helps to separate them from other residential assisted living homes in the area.

No need to deal with Medicaid since all residents are private pay. The current owner was able to raise revenue by almost $10k per month capturing the profit for new ownership. Most of the operations have been converted to paperless making management easier and data more secure. Passwords and training for a new owner available.

Located in a quiet residential neighborhood, near shopping and major highways… the business is for sale and the landlord would consider selling the real estate to the right buyer. They provide assisted living facility services in an intimate, homelike environment. They serve six residents in a residential neighborhood. All aspects of assisted living are provided at each location.

Pick up the phone now and call about this lucrative business opportunity.

Property Information

Real Estate:

Real Property Included

Premises Details:

Standalone residential home in a beautiful neighborhood. This house is tucked away in a private neighborhood that provides both security and scenery for the residents. Residents enjoy the oversized ceilings and bedrooms, along with a beautifully constructed open floor plan common area. The outside allows for residents to enjoy nature when the weather permits.

Business Operation

Expansion Potential:

The senior care market is thriving right now due to the baby boomer population needing care. Currently in Wake County, in order for a larger assisted living facility to open (7 beds or higher), a Certificate of Need is required. These are issued by the State of North Carolina only during limited periods and is extremely competitive and are bid on. The other alternative is for a facility to close and their CoN be purchased, but this can be cost prohibitive, as many CoNs sell for over $1MM. Family care homes do not have this restriction. Also, finding a property in Raleigh that can be zoned as a family care home in Raleigh is extremely difficult at this time.

Increased monthly rates are pretty much a guarantee as the industry demand and brand awareness increases. This type service will become a major in demand alternative to the large assisted living facilities. Increased monthly rates per resident will guarantee increase to bottom-line profit per month.

Competition / Market:

Other family care homes do exist near all locations; however most are Medicaid facilities and most don't offer exclusive senior care.

The ones that do offer senior care do not have fire sprinkler systems in place and none offer the services provided. Only other competition are larger ALF's.

Currently this franchise company is the only company in the industry providing this specific service! Get in now and be part of a fast-growing franchise that truly provides a solution for an ever-growing demand in the industry.

Reasons for selling:

Owner is selling to focus on another business opportunity outside this areas market.

Trading hours:

Monday-Sunday 24 hrs.

Employees:
3 FT/4 PT
Years established:
8

Franchise Information

Franchise opportunity:

Franchise Resale

Other Information

Financing available:

Lender pre-screened with $72,500 down.

Furniture / Fixtures value:
$125,000 - included in the asking price