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Senior Private Independent Living Business For Sale
Location British Columbia,Canada
Asking Price Range $250K - $500K
Gross Revenues $135000
Net Profit / Cash Flow $80000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1979
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Training Yes.
Reason for Sale Retirement.
Description This private independent living senior care facility is now available for a new owner in the beautiful city of Cranbrook British Columbia, Canada. It is a proven and established small business, enjoying a steady cash flow with a near zero vacancy rate. With a significant population of adults reaching age 65 and older, the demand for senior independent living facilities is increasing. This 39 billion dollar industry will continue to expand, providing a secure opportunity for this facility's new owner. This business is ideally positioned for ownership by a RN as services currently outsourced would significantly increase the revenue stream available.
Close to a park, a creek and walking paths, this spacious, two-level, 4000 square foot care home includes a 2000 square foot, fully equipped owner's suite plus office on the lower level, allowing for the owner to live comfortably on-site. The upper level boasts 6 individual bedrooms plus one large couple's bedroom, all with cable access, allowing for a total of 8 clients. The clientele enjoy the main dining room and living room, as well as the full length, covered rear patio and garden area. The facility includes specialized bathrooms for seniors, railings in hallways, building entrance ramps, and more. Within the last five years, the kitchen and washing machine appliances have all been replaced, the bathroom facilities have been renovated, two energy efficient furnaces have been installed, and the roof has been replaced. This business and owner residence is a turnkey operation and is set for a smooth transition.
The current owners are highly motivated to retire and will consider all reasonable offers.
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