Assisted Living / Memory Care Facility – One hour outside of Atlanta(SOLD)

Assisted Living / Memory Care Facility: One hour outside of Atlanta in a central location to well populated markets.

This home was established in 1996. It sits on multiple acreage and is currently licensed for 24. Ownership has put in excess of $100,000 in the past few months to complete the requirements to increase the license to 36. LICENSE HAS BEEN APPROVED FOR 36. Revenue in 2014 was close to$600,000 with the owner’s discretionary earnings at about $140,000 averaging about 20 residents a month. They presently have 30 residents and anticipated both sales and earning to increase significantly in 2015. They expect revenue to hit $720,000 with owner’s discretionary earnings at around $230,000. Asking $1,795,000 including business and real estate.

Contact J. Snypp #404-966-5989 or Matt Wochele, CBI #404-863-2200.
Status: Sold.