Business For Sale. Assisted Living Facility-great Location

Assisted living business is booming21;21;21; In 1990, there were 30 million Americans 65 and older and by 2020 the number will be 53 million, according to the U.S. Census Bureau. This multi-million dollar home, gated and surrounded by other multi-million dollar homes, has just been renovated and licensed to service this affluent community. This residential elderly facility, approximately 1,700 square feet and on a lot of approximately 9,800 square feet, non-ambulatory, is licensed to serve six bedroom residents age sixty and above. The facility has four bedrooms, three handicap bathrooms, living room, dining area, and a dedicated room for medical supplies. The front and back of the house is fully handicapped. Everything in the facility is new including the furniture. There is also a heated pool and Jacuzzi. There is a sophisticated alarm system that includes fire, police, ambulance, and the smoke detector is also tied into this state of the art system. The rent is four thousand a month. The new owner will also be responsible for all utilities, insurance and maintenance. The terms of the lease are five years with a five year option. Future residents will pay between 24;3,500 -24;4,000 which will result in gross revenues between 24;21,000 and 24;24,000 a month. The current owners expect to meet their capacity fairly quick. This is a turn key facility and great opportunity for assisted living investors/professionals as an add-on or someone new that wants to get into this multi-billion dollar industry. Between 2000 and 2010 the population of people 85 and older is expected to increase 33.2%;, according to the U.S. Bureau of Census. The owner is willing to carry a note up to 35%; of the Purchase Price.