NOT DISCLOSED, Virginia
| Asking Price |
$3,950,000 |
Year Established |
1989 |
|
| Annual Revenue |
$2,591,064 |
Reason for Selling |
Due to an unforeseen family life event, the owner has expressed a desire to retire. |
|
| Annual P/L |
$0 |
Attention |
Richard Halterman |
|
| Annual Cash Flow |
$511,480 |
Listing Number |
989255 |
|
| # of Employees |
34 |
Business Category |
Services: Senior Living & Care, Assisted Living |
|
Business Overview:
The organization provides comprehensive and compassionate services for elderly adults with intellectual disabilities, aiming to foster an exceptional quality of life within a community setting. Their residential program offers long-term living arrangements and daily support, designed to empower residents through a supportive environment promoting independence and personal growth.
In addition to residential care, the service provider operates a day program with various structured activities and support services. This program is crucial in providing daily engagement and social interaction, essential for the well-being and development of individuals with intellectual disabilities.
Furthermore, the organization enhances its service offerings through a social club that hosts monthly activities. This club is vital to the residents' social lives. Still, it is also open to the broader community of adults with intellectual disabilities, facilitating a wider social network and community integration. These activities provide socialization, recreation, and learning opportunities within a supportive and inclusive environment.
Overall, the organization's services are geared toward enabling residents to lead fulfilling and dignified lives and actively participate in and contribute to their communities.
Property Features and Assets:
<p>The facility consists of more than one structure designed to meet the organization's ongoing services.<br></p><p>Assets = $3,950,000</p>
Market Competition and Expansion:
<p>Despite numerous competitors, the demand remains high due to the aging baby boomer population. Thanks to its exemplary services, the facility consistently operates at nearly full capacity.<br></p><p>The opportunities for a new owner at The Company are both extensive and promising, with various avenues for growth. Strategic investments can drive significant expansion and enhance service offerings. There is potential for diversifying services through mixed occupancy settings that combine residential and commercial uses, such as renting office space to a veterinary service, illustrating the viability of mixed-use facilities. Additionally, the largest property in the portfolio could be further developed or renovated to increase living areas or add new buildings for purposes like a community center or health clinic. Another opportunity lies in utilizing an existing commercial kitchen for ventures like a cafe, which can diversify revenue streams and integrate the organization into the local community. Improving employee benefits and financial management can attract and retain skilled staff, vital for the organization’s success. Expanding services such as independent living and behavioral services will meet broader community needs. The geographical setting of the facilities enhances community focus and accessibility, making it an attractive investment that promises substantial returns and community integration.<br></p>
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity