ID# 019524   Approximate Beds/Units:   16    Location:  Frankfort

An associate firm is pleased to introduce a truly unique opportunity to acquire a fully performing stabilized Assisted Living Community currently licensed for 16 beds. The property has a history of 100% occupancy. The property includes a 19,700 square foot building situated on 24 acres that was previously used as an elementary school. There is a full commercial kitchen, gymnasium, and 9 extra large rooms used as double-occupant resident rooms. The facility is a fully sprinklered building. The current market condition is fantastic. There is a constant waiting list and it maintains 100% occupancy. All of the residents are MaineCare. There is a strong demand for MaineCare rooms and there is a limited supply available. There are various growth opportunities. There are also 24 acres which allows for growth through expansion. You could also expand the current license to go from 16 to 19 residents. The seller is willing to consider a small amount of seller financing. There is support and training available and the current owner is willing to assist a transition in any way. Also, the current owner will continue to help the facility maintain 100% occupancy for 9 months following closing. The reason for selling is to focus their efforts on another geographic area. This business is Home-Based.

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Frankfort $2.7 Million ID#019524

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