Independent Living Community with Room for Growth!

$400,000

Greater Austin Metro Area, TX

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Gross Revenue

$367,919

Owner's Cash Flow

$198,204

Min Down Payment

$80,000

Employees

5 PT

Business Summary

The company was founded by the current owners in 2010 following the completed construction of the first four cottages. The owners had several years of experience working with and caring for seniors prior to founding the company. They realized that many of their patients could remain healthier and independent longer if they only had a place that offered nutritious meals, activities to keep their minds sharp, exercise, socialization, and a maintenance-free house that was not an institution. This realization became the founding thesis of the company.

Key Highlights

Year established

2010

Real estate

Owned will sell

Real estate asking price

$2,900,000

Reason for selling

After successfully operating and growing the company for more than a decade, the owners are looking to spend a few years away from their careers and focus on their real estate investments.

Support and training

The owner is willing to stay on for up to 6 months to help with the transition.

Consolidated Cashflow

To see all the financial data including a break down of the owner's salary and add-backs, request access to the confidential information

	2020	2021	2022
Gross Revenue	$2,986	$2,708	$2,277
COGS	$7,498	$6,294	$7,052
Gross Income	($4,512)	($3,586)	($4,775)
Operating Expenses	$9,538	$735	$4,531
Operating Incomes	($14,050)	($4,321)	($9,306)
Net Other Income (Expenses)	($5,206)	($6,862)	($801)
Net Income	($19,256)	($11,183)	($10,107)
Interest	$6,557	$1,953	$1,260
Depreciation	$183	$8,168	$6,969
Amortization	$2,818	$8,235	$1,536
EBITDA	($9,698)	$7,173	($342)
Add-backs	$68,050	$70,659	$53,103
Owner's Cash Flow	$58,352	$77,832	$52,761

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