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Adult Foster Care For Sale

Minnesota
Asking Price:
$499,500 (USD) Furniture / Fixtures and Inventory / Stock included
Sales Revenue:
$155,865 (USD)
Cash Flow:
$88,305 (USD)

In 2002 they started the transformation of single family living to providing family style Adult Foster Care. The home is currently designed for 5 clients. There are 3 private rooms and one double room. They recently had a client pass so they have a bed open in the double room. The income is very stable as they receive both private and state funds. Over the years they have by choice provided services mainly for elderly men and women. But as a 245D Adult Foster Care facility they have the flexibility to be providing services for AC/EW/TBI/CAC or Cadi programs.

Property information

Real Estate:

Real Property Included

Location:

This is a very well maintained home with an out building for hobby, farm type activities along with a couple of other storage buildings. The business activities take place in part of the main level. The two owners have their private area in one end of the main level. The resident numbers could be increased if the new owners would use the lower level as their private area and convert the other upper part to client area.

Business Operation

Expansion Potential:

Renovating the home would allow at least 2-4 new clients to reside at the residence.

Competition / Market:

There will be a demand for this care for a long time to come. The hardest part is to coordinate a good fit into the extended family when space opens. Clients are referred by the state and county but also come through private contacts.

Reasons for selling:

Retirement.

Trading hours:

7 days/24 hours

Employees:
3 PT
Years established:
16

Other Information

Support & training:

Will train for 2 weeks @ no cost.

Special state licensing is required for a 245D Adult Foster Care.

Furniture / Fixtures value:
$7,000 (USD) - included in the asking price
Inventory / Stock value:
$300 (USD) - included in the asking price
Home based:
This business can be run from home.

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