Gross Revenue (annual): $450,000
Net Income (annual): $135,000
Average Bed Rate (monthly): 3,100
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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.