Purchase assisted living facility
This property boasts 3 spacious rooms on the first floor, 4 spacious rooms on the top floor with additional space in the basement that can be renovated to accommodate three more rooms and a comfortable sitting area. What makes this opportunity even more enticing is that the property is already renovated to function as a 14-bed assisted living facility.
**UPDATE**
As of now, we have received two offers slightly exceeding $475,000. I am extending the opportunity for additional showings/offers. If you wish to schedule a viewing of the property, please contact schedule to arrange a tour. I have compiled the following financial figures based on an average assessment of my assisted living facility (ALF). It’s important to note that I’ve factored in a projection for one potential vacancy in these calculations.
These numbers encapsulate various aspects of the ALF’s financial landscape, considering both revenue and potential expenses. The inclusion of a vacancy allowance allows for a more realistic outlook, acknowledging the dynamic nature of occupancy rates.
I believe these figures provide a comprehensive snapshot of the financial expectations, and I am open to discussing any specific details or answering questions you may have regarding the calculations.
1. Staffing Costs: $13,572
– Calculated based on the employment of 4 staff members. 2 during the day and one at night.
2. Utilities (Gas and Electric): $750
– Budgeted to cover the monthly gas and electric expenses for the facility.
3. Communication Services (Cable/Phone/Internet): $300
– Allocated for the monthly costs associated with cable, phone, and internet services.
4. Miscellaneous Expenses: $1,200
– Reserved for unforeseen or miscellaneous expenses that may arise during operations.
5. Food Expenses: $1,800
– Budgeted for the monthly provision of meals for residents.
Total Monthly Operating Expenses: $17,622
Estimated Profit Calculation:
– Expected Revenue: 13 clients at $3,300 per month, totaling $42,900.
Profit Calculation after Expenses
Profit before accounting for a vacancy: $42,900 – $17,622 = $25,278
Accounting for one potential vacancy:
Estimated Profit: $25,278 – ($3,300 – $17,622) = $25,278
Best Regards,
Kwame Tanner
www.ssMaps.com
