This assisted living business provides residential housing and supportive care for adults who need assistance with daily living while promoting independence and quality of life. Revenue is generated through recurring monthly resident fees from both private-pay and government-assisted residents. Driven by favorable demographic trends and an aging population, the industry offers stable demand, recurring cash flow, and the opportunity to provide an essential service within the community.
- Asking Price:
- $3,250,000 Furniture / Fixtures and Inventory / Stock included
- Sales Revenue:
- $1,619,280
- Cash Flow:
- $345,166
Property Information
- Real Estate:
-
Real Property Included
- Premises Details:
-
The real estate consists of approximately 21,035 square feet of commercial improvements encompassing 47 resident rooms. Based on local government tax assessments, the properties have a combined assessed value of approximately $2.38 million. The real estate has been well maintained and has benefited from ongoing capital improvements over the years. Portions of the property may offer opportunities for future expansion, subject to zoning and regulatory approvals, providing additional flexibility for future growth under new ownership.
Business Operation
- Management type:
- This business has absentee ownership.
- Expansion Potential:
-
Significant growth opportunities exist through increasing private-pay occupancy and expanding relationships with hospitals, rehabilitation centers, physicians, senior placement agencies, and other referral sources. Selective room upgrades and targeted marketing can help reposition the community to attract more private-pay residents. A stronger private-pay mix has the potential to increase average revenue per resident, diversify payer sources, and improve long-term financial performance while maintaining high-quality resident care.
- Competition / Market:
-
The assisted living industry in Virginia benefits from strong long-term demand driven by an aging population, increasing life expectancy, and the growing need for residential care. The industry is regulated by the Virginia Department of Social Services and offers stable, recurring revenue through private-pay and government-assisted residents, making established facilities attractive long-term investment opportunities.
- Reasons for selling:
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Owner has chosen to transition toward retirement.
- Trading hours:
-
Monday-Sunday 24 hrs.
- Employees:
- 21 FT/4 PT
- Years established:
- 27
Other Information
- Support & training:
-
Will train for 4 weeks @ $0 cost.
- Furniture / Fixtures value:
- $100,000 - included in the asking price
- Inventory / Stock value:
- $10,000 - included in the asking price
