VR Business Brokers, Mergers & Acquisitions is pleased to present a 13-unit, 16-bed assisted living facility on 9 acres of peaceful wooded land in southwest Minnesota. The property offers residents ample amenities, including an indoor pool, game room, and outdoor space with a fire pit. This community has maintained stable occupancy and qualified staff with a long tenure. The payor mix is 65% CADI and 35% EW with an average daily rate of $98 and $286 respectively. The owner’s role has been strictly administrative for quite some time, and a very experienced Assisted Living Director manages the day-to-day operations.

In terms of industry trends, the market is experiencing favorable demographics, with the baby boomer cohort driving growth in the population of individuals older than 85, which is expected to double from 6.5 million in 2018 to over 14.4 million by 2040. Additionally, occupancy rates in assisted living facilities began to rebound as the industry recovers from the impacts of COVID-19, moving away from previous declines since the peak around 2014/2015. However, construction has slowed, with new developments in the Assisted Living sector declining since the pandemic, resulting in the lowest construction to total inventory ratio since 2010, sitting at 1.37% in Q1 2024.

Down Payment: N/A

Total Sales: N/A

Cash Flow: $118,000

EBIT: N/A

EBITDA: N/A

Accounts Receivable: N/A

FFE: N/A

Inventory: N/A

Non-Owner Payroll: N/A

Real Estate: N/A

Real Estate Included: Yes

Monthly Rent: N/A

Franchise: No