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Established Adult Day Care 2 Locations in Kent Co. MI

As the population grays and lives longer, the demand for elderly care has become a priority. According to the US Census Bureau, the number of older adults will continue to grow faster than any other age segment. As numbers grow, families require help caring for their unique needs. Elderly have resisted entering institutions which means adult day services are poised perfectly to assist the elderly as they continue to live at home. According to Entrepreneur magazine, adult day service is one of the Top 10 fastest-growing businesses.

Today’s monthly nursing home costs is $10,000 and assisted living is $5,000. Adult Day care is the only affordable option outside of the home.  Providing transportation, meals, bathing, social activities allow seniors to thrive and continue living in their communities.  Adult Day Care is a rewarding career, perfect for the individual looking to make a difference in people’s lives.   Due to an illness, owner is reluctant, but willing to sell this rapidly growing business for a fraction of the cost.

Listing ID:

MSMM-22015292-67

Location:

Kent County Michigan

Type of Business:

Adult Day Care Centers

Asking Price:

$400,000 for both locations…

Ask about buying either location separately

Gross Revenue:

Ask for current details

Cash Flow:

Ask for details

Inventory:

Asking price includes all inventory

FF&E:

$200,000

(included in asking price)

Established:

2008 / 2014

Employees:

Owner and 22 P/T

Facilities:

Two locations in very desirable areas with convenient access to everything Kent County has to offer. Built out specifically for adult day care these spaces have all the required as well as desired amenities.   

Real Estate / Lease Terms:

Available for lease.

Growth Opportunity:

Rapidly increasing population of potential clients, reduction of other options in the community and the development of additional assistance programs are fueling industry wide growth.    

Competition:

Recent changes in the local market have reduced competition. In the past elderly were cared for in family homes. This is becoming less common as families spread out and are burdened with other commitments.

Financing:

Alternative financing options available for qualified buyers, ask for details.

Support & Training:

Seller will provide training to help the purchaser take over providing a smooth transition while learning the business and its operating activities, gaining an understanding of the clients and community partners.

Reason for Selling:

Unfortunate family illness is requiring the sale. Otherwise, the owners are enthusiastic about the future of this business and never intended to sell.

Broker Contact:

Frank Cobb – Main Street Market Maker a division of Advanced Business Advisors, LLC

Direct: 231-750-1400

Fax: 248-564-5259

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.