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Monday, April 21, 2014

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Assisted Living Commnunity

Opened in 2001 and perfectly nestled on a three-acre heavily wooded and landscaped campus, this 24,500+ square foot, 50-bed Assisted Living Community is architecturally designed to remind its residents of home, not an institutional warehouse for senior citizen. The Community is located only 20 minutes from downtown Atlanta, Georgia.

Currently, the Community averages approximately $3,100 per unit, with a gross margin of 40%.

When gaining control of the property and business, the occupancy rate was a dismal 57% and obviously required a turn-a-round plan. The turn-a-round strategy focused on interior physical improvements and exterior landscaping, a changed in local management, employing a higher quality staff, and implementing a marketing plan to promote the improvements. Today, this 50-bed facility has 100% occupancy, along with a waiting list.

if the Buyer has limited experience in managing an Assisted living Community, the current owner is amenable to a long-term management contract to oversee operations as well as the potential expansion plans.

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