ID#009187   Approximate Beds/Baths:  32+23     Location:  Central Florida/Ocala

Another firm is offering for sale a 53 Plus or Minus bed ALF within the Central FL Region. The facility is well-run and has been in business for many years. The sale includes 2 facilities under the same name and management. One facility is licensed for 32+/- Beds and the second is licensed for 23+/- Beds. The assisted living facilities offer functional layouts and have a large courtyard. These facilities have a good reputation with excellent management in place. The current owner runs the business from out of town which makes this a moderately passive investment. The owner’s responsibilities are to oversee the business’s financials and provide strategic and operational support. The ownership conducts weekly teleconference meetings with the management team which creates open communication and essential oversight. These ALFs maintain a good occupancy rate with a $3200 average monthly rate. The owner has improved the operations by reducing unnecessary costs and increasing revenue and still providing a high level of service for the residents. There is tremendous upside potential with this ALF. There is a fully licensed and renovated but vacant building that is ready for residents. In addition, the ownership has considered building an extension on the larger of the two buildings and creating a secure courtyard in the process. This would dramatically increase the gross revenue potential and simultaneously create a safe outdoor environment for all residents to enjoy. The main buildings offer a total of 19,000+/- Square feet on over 1.50 acres with multiple private and semi-private living options. The property has many common areas for residents to enjoy. When you visit this assisted living facility, you can tell it is well run, the residents are happy, and the staff is professional with very little turnover. This ALF can also be purchased with a sister community which is licensed for 58+/- Beds and within a 1-hour drive. The package of both facilities would offer a total of over 110 Beds. Real Estate and business are included in the asking price. Prior to closing, the buyer is to verify all permits, approvals, regulations, allowed use, parking, financials, market rental rates, expenses, zoning, licenses, building square footage, expansion ossibilities, number of licensed beds, proformas, FF&E valuation, and all other factors pertaining to using these parcel(s) and building(s) for the buyer’s intended use.