Profile No. CD-0869
El Paso County Assisted Living Center
NAICS or Sic Code: 623312 Industry: Assisted Living Facilities for the Elderly
Gross Sales: $165,989 Sellers Discretionary Earnings: $70,271
Value of Assets Included: $15,000 Inventory Included: 
Asking Price: $280,000
 Includes Real Estate 

 


 

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Description: 8-bed assisted living elderly care center. Assisted living is a very important part of the continuum of senior care. This assisted living elderly care business consists of a facility with 8 bedrooms, one with its own private ½ bath. It includes a staff bedroom, laundry area, living and dining room, a storage room, an entry and office area, full-sized kitchen, full bath and another bathroom with shower. This facility consists of approximately 2200 square feet. There is an optional home next door that could be used for owner living or for live-in supervisors (not included in the price). This business is designed for individuals who require assistance with everyday activities such as meals, medication management or assistance, bathing, dressing, and transportation. With that in mind, a long-term care option that combines housing and support services is the perfect solution for those concerned with the care of their loved ones. The main property is a one-story ranch-style home.

This company has been in business for 26 years. The current owner, who lives in Denver, purchased the business in 2018. He has decided that the drive from Denver to Colorado Springs was too much of a distance and time and therefore is selling this facility and is planning to purchase a facility in Denver.

Cash flow is after mortgage payments. Assisted living facilities are growing in number due to baby boomers nearing or exceeding retirement age and they need some kind of help but not necessarily skilled care. And as Medicaid and private pay amounts are continually increasing, revenues also continue to increase thereby creating a greater profit margin. These type facilities are becoming the home of choice for residents as they are able to maintain their own standard of living in a home-like atmosphere. Many of these facilities are located in homes just like where many of us live.

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