Established AFC Home For Sale
Location Michigan,United States
Asking Price Range $250K - $500K
Gross Revenues $350000
Net Profit / Cash Flow $0
Cash Flow Type EBITDA
Seller Finance Yes
Year Established 1969
Number of Employees 6 - 9
Relocatable No
Number of Employees 6 - 9
Real Estate Owned
Reason for Sale Owner retiring.
Description Established AFC home with RARE congregate license allowing for large expansion located on almost 5-acres only 10-15 min from the heart of Traverse City! Currently licensed for 34 with room for more resident beds within existing facility, with on & offsite staff living quarters, 2 pole buildings & approx. 9000 sq ft within main building. Many updates including fire/sprinkler system, huge drainfield septic system & much more! Traverse City has been rated in top 10 retirement places in the U.S. so there is a large population of boomers with aging parents living in the area & moving into town every month. Possible owner financing terms to qualified buyer. Owner retiring.
Traverse City is the booming place to be in the northern part of Michigan with year-round activities & people moving into the area from all over the U.S.
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