Profitable 40+ Bed Assisted Living Twin Cities Metro

VR Business Brokers, Mergers & Acquisitions is pleased to present an established assisted living facility in the Twin Cities Metro Area licensed for over 40 tenants. The property has been well maintained over the last 20 years with many recent improvements. The payor mix is 37% CADI and 54% EW. The owner has been somewhat absentee for several years while 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: $1,220,000

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FFE Included: Yes

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Real Estate Included: Yes

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