This well established Personal Care Home for Seniors has been a staple of the community for over 25 years. The current owners took over in late 2020 and have been busy renovating and revitalizing the space, slowly building it up to nearly full occupancy. The building currently has 19 rooms (18 rented), but could be expanded to 27 or more. The business is currently generating over $38k per month in monthly revenue. The sale will include the land and building. The business is located in East Central Saskatchewan and fills a need for local care services for residents and family that do not want to travel to the cities or further away. The business is fully staffed including a licensed nurse and eligible under the Sask Immigrant Nominee Program (SINP) for hiring out of country staff (when required). Sales and EBITDA listed are projected based on current occupancy and run rate. Transition support will be provided, however, owners are not full time active in the business now and have staff in place to run it, that are expected to remain on through the sale.
Business ID: REGI0066
Business Category: Nursing and Residential Care Facilities
Location: Saskatchewan, Saskatchewan
Status: New
Asking Price: $ 859,000
Gross Revenue: $ 440,000
SDE: $ 1
FF&E (included): $ 50,000
EBITDA: $ 119,000