Six Bed Adult Foster Care in Lowell – SOLD
June 23, 2018

Northern Michigan – 17 Bed Assisted Living – SALE PENDING

Price: $850,000
Beds: 17
Size: 4,100
Gross Revenue (annual): $450,000
Net Income (annual): $135,000
Average Bed Rate (monthly): 3,100

selling an assisted living facility

Note: To protect confidentiality, property image displayed is not of this property. Actual property photos and addresses are included in OM.

Adult Foster Care home in Northern Michigan licensed for 17 beds. The current owners have taken incredible care of this facility, and their passion for the business is obvious as you walk through this clean, well maintained, spacious home.
While this AFC is licensed for 17 beds, the current owners have limited the number of residents to 12 as they have been preparing for retirement. A new owner can quickly increase revenue by simply increasing the number of residents to the allowed amount, which the current demand in the area will easily allow.
This facility sits on nearly 10 wooded acres, with trails, and a large pole barn currently used as storage.
Expansion plans, with blueprints, are available to add onto the property to either add more beds, or an adult daycare program.

Get More Information: