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elderlycare

Senior Living Home

Description

Listing Number: 1935

Six resident senior living home business for sale with option to either purchase real estate or lease. The business was established in 2019 and has seen steady income since. They currently only have 5 residents, so adding a 6th would increase revenue. The seller has never raised prices and expects that a price increase would be beneficial to the business. The seller currently works full time in the business but would like to step away due to a family health issue. The seller thinks the increase revenue from an extra resident and price increase should allow more flexibility for a new owner with regard to staffing. Option to purchase real estate in addition to business price for $400,000.

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Asking  Price: 
$75,000

Gross  Revenue: 
$259,857

Adjusted Net Income: 
$48,163

General Info:

  • Asking Price: $75,000
  • Gross Revenue: $259,857
  • Total Adjusted Net Income: $48,163
  • Equipment / Fixtures: $35,000
  • Year Established: 2019
  • General Location: Portland, TN

Lease Info:

  • Square Footage: 2,050
  • Total Monthly Rent: $1,800
  • Lease Expiration: 2029
  • Lease Options to Renew: Negotiable

*Option to purchase real estate in addition to business price for $400,000.

 
 

Additional Information:

  • Full-Time Employees: 3
  • Part-Time Employees: 1
  • Reason for Selling: Family Health
 
 

Patrick Marsch Jr., CBI

For more information on this business contact Patrick:

Office: (615) 450-0410
Cell: (615) 544-5380
Email: patrick@nashbb.com

Looking to Sell?

Nashville Business Brokerage is here to guide you through a seamless and rewarding selling process. Our team of experienced professionals is dedicated to maximizing the value of your business and ensuring a smooth transition. Take the first step toward a successful business sale by scheduling a consultation today.

Contact us now to get started.