Highly Profitable Independent Assisted-Living Facilities

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Business Description

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

Location:
Fairmont, West Virginia
Market Outlook/
Competition:
* 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.
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About the Sale

Reason For Selling:
Pursue other interests
Training/Support:
As needed
Seller Financing:
Negotiable

Listing Info

ID:
1491394
Ad Detail Views:
600
Asking Price:
 Not Disclosed

Gross Revenue:
$1,300,000
Cash Flow:
 Not Disclosed
EBITDA:
$423,000
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Jerry Yocum

Generational Equity, LLC

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Sponsoring Broker:

Lisa Lippe
Generational Equity, LLC

U.S. Census Data for Marion County, WV
Age

Gender

Ethnicity

Source: Decennial Census (2010), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

U.S. Community Survey Data for Marion County, WV
Income

Education

Source: American Community Survey (2010-2014), United States Census Bureau.

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.


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