High-Profit Luxury Assisted Living Homes
Tucson, AZ
| Asking Price: | $3,900,000 |
| Gross Revenue: | $1,463,000 |
| Established Year: | 2018 |
| Cash Flow: | $626,000 |
| Real Estate: | $3,200,000 |
Listing ID: 2273042Listing provided by BizBuySell
BUSINESS DESCRIPTION
20 bed luxury Assisted Living Business+Real Estate
Rare off-market opportunity to purchase the business plus the real estate of a well-known, highly sought-after Luxury Assisted Living company. Real estate consists of 2- 10 bed luxury assisted living homes (20 beds total) licensed for all levels of care. The company has raving reviews online and has been constantly full at max capacity for the past 5+ years. During and throughout Covid the homes (facilities) remained at full capacity. PHOTOS & VIRTUAL TOURS PROVIDED TO SERIOUS BUYERS
DETAILED INFORMATION
Location
Tucson, AZ
Inventory
Not Included in asking price
Real Estate
Owned
Included in asking price
Building SF
8,200
Employees
14
Facilities
Huge bonus for the buyer: Each Facility is being sold with all furniture fixtures and equipment at no additional cost. FF&E was not included in the purchase price, and the buyer will benefit from all FF&E conveying with the sale for no additional cost. Each facility is equipped with 11- 55" Flat screen smart TV's (1 in each room and 1 in the living room), a hoyer lift, laptop, 10-camera surveillance system, central monitor system for resident safety with bed alarms and call pendants, as well as full fire sprinkler system and fire panel to name a few.
Competition
The two facilities are in prime location with minimal competition for the level that these facilities operate. There are only a handful of options for facilities that are on this level (luxury), which makes it nice and convenient. The facilities are also located in very stable, high demand zip codes where the property values consistently increase and retain value very well. Both facilities are near well known Country Clubs/Resorts.
Growth & Expansion
The facilities have room to increase rents by at least $3,000 as of current. The values of the homes will increase, due to the excellent locations they are in. They are also high demand locations close to where the families live that place their loved ones in our facilities. Possibility to expand by using the facilities as a draw for new residents, and incorporating a placement service where you refer residents to other facilities for a sizable fee. Will explain more to serious buyers only.
Support & Training
Willing and able to be physically available for support and training for a smooth transition.
Reason for Selling
Relocating with family
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