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Assisted Living and Hospice Facility
A purpose-built assisted living facility in an affluent Michigan community, running at full capacity with nineteen residents on an all-inclusive monthly model.
Business Highlights
- Operating at full capacity with nineteen residents
- Purpose-built facility designed specifically for memory care operations
- Five-year lease contract securing exclusive use of the facility
- Senior living and personal care, with medical, rehabilitation, hospice, transportation and support services available to residents
- Located in an affluent Michigan community with sustained demand for senior care
Considerations / Questions to Ask
- Full capacity means no organic growth without more beds. Where does the next resident go?
- The facility is leased, not owned. What are the terms after the five years, and is there an option to buy?
- Licensing for assisted living and memory care is state-controlled. Confirm exactly how it transfers.
- SDE is around 21% of revenue against nineteen residents. Establish the staffing cost and how thin that leaves things.
- What is average length of stay, and how fast does a room refill?
Opportunities
- A facility at full capacity has demonstrated demand rather than projected it
- Memory care commands premium rates over standard assisted living
- An affluent catchment supports private pay rates and reduces reimbursement exposure
- A purpose-built memory care building is expensive and slow for a competitor to replicate