SOLD – Assisted Living Homes, Western PA. Real Estate Included!

Price: $995,000

Location: Western Pennsylvannia

Industry: Health Care and Fitness

Listing ID: P021523

This business consists of two highly reputable non-medical assisted living or personal care homes. They are both located in western Pennsylvania serving several surrounding communities with demographics suitable for continued growth. They offer programs that enable residents to retain as much independence as possible while providing the personal care and day to day assistance to live safely and comfortably in an independent home setting where residents have access to the communities surrounding them as well as can have family and friends come and go.

Residents appreciate the attention to detail they receive day to day. The staff offer a full range of elder care services including but not limited to assistance with dressing, grooming, personal care, housekeeping, and laundry. Everyone receives 3 nutritious home cooked meals and snacks throughout the day, considering preferences, dietary needs and restrictions. The staff are well connected to residents and the community to offer a high level of care.
One facility is 9000+ sq ft and the other is 6000+ sq ft. with a total of over 70 beds. They have both private and double rooms. Both homes are in good condition with little to no repairs needed

Gross Revenue: $950,000

Cash Flow: $200,000

FFE: $100,000 (Included in price)

Real Estate $900,000 (Included in price)

Reason for Sale:

seller is looking to retire

Training & Support:

Seller will assist as needed for ownership transition. Both locations have full staff

Year of Last Acquisition: 2013

Days & Hours of Operation: 24/7

Non-Owner Payroll: $37,250

Employees: 30

Managers: 2

Facilities Information:

Two properties are included with this business. One location is 9000 sq ft + with 38 beds and the other is 6000 sq ft + with 39 beds. Both have private and double rooms for residents. Current total census is 48

Potential Growth:

Good growth potential with open double rooms. There is a wait list for private rooms.