City/Region: Allegan County
Listing Price: $410,000
Cash Flow: $169,611
*2020 performance has been tremendous despite COVID-19*
This is a residential services facility located in Allegan, Michigan, that provides services to persons diagnosed with a mental illness and/or intellectual disability. The Company helps its residents to identify and establish goals directed toward effective living that would encourage a transition to a more independent placement. The Company was founded in June 2003 and serves clients across Michigan.
No unique credentials are required for ownership.
Opportunities For Growth:
(1) Increased Per Diem: Although the Company has remained profitable, there is room to pursue higher per diem charges.
(2) Expansion of Clientele: The Company could target a wider demographic range, which would command a higher per diem. For example, the Company could provide services to clients with dementia, autism, and substance abuse disorders.
(3) Additional Locations: While the Company has intentionally remained small in order to focus its resources mainly on providing superior client services, inquiries have been made about adding more locations, indicating potential demand. The Company could also add another building on its current 1.5 acres of property.
(1) Strong Reputation: The Company has a strong reputation for delivering quality services to individuals who have dealt with challenging circumstances. The Company receives many client referrals because of its outstanding care.
(2) Strong Working Relationships: The Company’s relationships with its stakeholders have been positive and collaborative in nature. Fostering and maintaining mutually beneficial relationships with its investors has allowed the Company to continue running smoothly and offering quality services.
(3) Licensing Variance: The Company has a licensing variance with the Bureau of Children and Adult Licensing that permits the Company to operate with a fenced-in and gated setting. The Company places its clients’ safety and well-being at top priority.
Real Estate Value: $200,000
Real Estate Available: For sale
Reason For Sale: Pursue other opportunities
Number of Employees: 8