The Company operates two assisted-living facilities for senior citizens. The Company provides the comfort and security of the family home; coupled with care and attention, provided by expert staff. Group activities encourage socialization among residents, helping them to build lasting friendships. All of these factors combined enable residents to keep and maintain overall good health and wellness.
Residents range from 70 to 95 years old and live there long-term, typically until the resident passes away. Majority of residents were living in the region (~98%) with the remainder moving to be closer to their families. Residents reside at the houses 24/7 except when families pick them up to take them out.
About the Business
Fairmont, West Virginia
* Diversified Customer Base: No single customer accounted for more than 5% of revenue during the historical period. The diversified customer base helps ensure that the Company will not be significantly impacted by the loss of any individual account.
* Superior Name and Reputation: In business over three decades, the Company has built substantial goodwill by providing quality care and excellent customer service. Management credits reputation and established strong customer relationships as the two most critical factors contributing to the Company’s historical success.
* Low Employee Turnover: The Company has built a quality work environment and prides itself on the longevity of its employees. During the historical period, the Company maintained an 85% employee rate of retention.
Asking Price: Not Disclosed Gross Revenue: $1,300,000Cash Flow: Not DisclosedEBITDA: $423,000Inventory: Not Disclosed FF&E: Not Disclosed included in asking priceReal Estate: Not Disclosed Share this business:
Explanation of Financial Terms
The total asking price of the business for sale.
All income the business received before any cost-of-sales or expenses have been deducted.
Arrived at by "starting with your net (before tax) profit. Then, add back in any payments made to the owner, interest and any depreciation of assets." For example, if the net profit before taxes was $100,000 and the owner was paid $70,000 then the cash flow is $170,000.
Earnings Before Interest, Taxes, Depreciation and Amortization.
The value of the merchandise, raw materials, and finished and unfinished products which have not yet been sold. If there is no inventory price listed then the seller did not provide it.
Furniture, fixtures and equipment that will remain with the business, such as desks, office cubicles, decor elements of a restaurant or showroom, computers and office machines, pots and pans, dishes, display cases, manufacturing equipment, etc., depending on the type of business.
The value of property owned by the business. May be included in the asking price or offered separately. If no real estate value is listed, it was not provided by the seller.
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