Arizona Assisted Living Home 10-bed, Business for Sale

Gilbert, Arizona (Maricopa County)

* included in the asking price

Business Summary: Very large, over 2,660+ sq ft, licensed 10-bed assisted living home with separate live in quarter for care giver on a large 1/2 acre lot. Gross is $14,000 each month with only seven residents (6 private & 1 Mercy Care). Big demand for assisted living care in the area, people on waiting list.  Owner retiring and doesn’t want to work too hard. It could be another $5,500 a month with 2-more guests. Excellent income with potential for increase. Just real estate is worth more than asking price. Located on a quiet country, close to Mesa General Hospital and Chandler Medical Center, with matured fruit trees, petting zoo. A truly relaxing home, in a high income neighborhood, immediately makes families and clients comfortable and secure, knowing that this is a loving caring professional environment.  Benefit of ownership include: significant tax advantage, building equity, predictable and stable monthly expenses and income, property appreciation, great opportunity for owner/operator.

Facilities: 10-bed assisted living center in Gilbert, Arizona. All figures are based on only 8-residents. Gross would be $20,500 each month with 10-guests. Just real estate is worth more than asking price. 3 bedrooms with double beds plus individual closet, 3 bedrooms with single beds plus individual closet,  3 baths - built in 1978 - 2 a/c units.

Competition & Expansion: Not many ten bed homes in the area. Home has auto sprinkler system and meets codes. This property has commercial zoning for Assisted Living/Adult Care Home on a spacious 1/2 acre lot,  adding a new facility in the large open backyard can double its current capacity.

Financing: Possible bank financing for the right candidate.

Support/Training: Owner, a retired doctor, can stay for a seamless transition. WestUSA will take you through the entire license process for the right candidate.

Reason Selling: Retired.