An associate firm is pleased to introduce a great opportunity for an investor or owner operator to own this licensed Assisted Living Facility (ALF) that’s located in ‘South Georgia.’ The facility has been owned by a dedicated husband and wife team for the past 19 years and has been profitable all along. This 24-room personal and memory care facility is fully occupied with a waiting list. The property is 11,000 SF and sits on approximately 3 acres, allowing for growth in both the extension of the property proper and its services, along with developing independent living residences. The property has ample parking. The average room rent is at around $3,000 per month. The zoning is C4 Commercial. The average time for a resident stay is about 3 years. The average age of residents is 85. The facility has been updated and is in pristine condition and will not require any immediate improvements by new owner. The facility has 24 private rooms with each having its own private bath. There’s an office, a reception/lobby area, and a dining room supported by a professional kitchen. The asking price is $2.5M for both the business and real estate. Approximately $1.9M for the real estate at an 8% Cap Rate, and $600K for the business at a 3 multiplier. Must be purchased as a package! The buyer can be an Owner/Operator, a Semi-Absentee, or a Full-Absentee, there is a manager in place to run the facility. After 24 years of running this operation, owners are looking to retire and will help the buyer transition along with staff.
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Georgia – 11,000 SF

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