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Govt Contracts - SE WI Assisted Living/Eldercare Facility
| Asking Price: | $245,000 | Inventory: | |
| Gross Revenue: | $356,127 | Real Estate: | n/a |
| Cash Flow: | $88,904 | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Established Assisted Living Facility licensed for ambulatory and non-ambulatory seniors. This welcoming one-story facility boasts 12 resident rooms (private and semi-private) with attached restrooms, and two wheelchair-accessible shower rooms. A kitchen, dining area, and two living room areas (one with a fireplace), round out the general living space which includes a public restroom. The charming exterior features two decks and a veranda with swing overlooking a lush green landscape. Plants, flowers, and strategically-placed feeders attract a variety of birds and other wildlife in this picturesque, Walworth County setting.
About the Business
Year Established:2001
Employees:5 full time - 9 part time
Facilities:This is a fully furnished and operational facility in a beautiful country setting just minutes away from the bustling downtown area of a popular Southeastern Wisconsin lake community. Residents have been encouraged to bring personal possessions to help them to feel more comfortable. An area hospital is just minutes away. The furniture, fixtures, and equipment currently utilized to run this facility, other than residents' personal possessions, are included.
Market Outlook and Competition:This is a senior resident facility catering to retired individuals who are in need of assisted living but who prefer not to be in a large-scale corporate environment. It also facilitates individuals who are referred by their social workers through county programs. In this example, the county pays a daily stipend for the care of the individual which is awarded by contract. On the state and local level, programs such as Family Care Wisconsin and similar community care programs act as referral sources. Residents and their families may also hear of the facility through word of mouth recommendation or may be informed of availability in the facility through hospital discharge planners or non-profit organizations such as “A Place for Mom.” At $2700 - $3000/month, current monthly resident fees are below market standard and could easily be increased. The planned installation of a sprinkler system by the landlords will broaden the scope of patient care to residents who are physically unable to vacate the building as well as to residents who may not have the cognitive skills, such as those suffering from dementia, to exit the building on their own.
About the Sale
Management Training and Support:Seller agrees to provide Purchaser with 8 weeks of training immediately following closing. The training will be for 3-4 days per week, with a maximum of 6 hours per day, at no charge to purchaser.
Reason For Selling:Health concerns.
Seller Financing:Most businesses qualify for 401K/IRA funding without penalties.
Attached Files - Attachment Disclaimer
KEYWORDS: SE WI, Walworth County, Assisted Living, Nursing Home, Private, Eldercare, Health Care, Ambulatory, Non-Ambulatory, Resident Rooms
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Industry: Health and Medical
Segment: Long-Term Care Facilities | ||
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The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. Please review the full Disclaimer here.
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