Why the Assisted Living Business is Not for the Faint of Heart
Operating an assisted living facility is a serious business that requires dedication, compassion, and resilience. It is not for those looking for an easy or low-stress career. In this post, we’ll explore why the assisted living business is so demanding and what it takes to succeed. The Serious Nature of the Business:The assisted living business […]
Developing Your Unique Selling Proposition (USP) in Assisted Living
In a competitive market, having a clear Unique Selling Proposition (USP) is crucial for differentiating your assisted living facility from others. This post will explore the importance of a USP and how to develop one that resonates with potential residents and their families. Why Your USP Matters: A USP sets your facility apart by highlighting […]
Investment and Upside: Finding Upside Profitability in Assisted Living
Investment and Upside: Finding Profitability in Assisted Living When considering an investment in assisted living, understanding the relationship between capital investment and profitability is crucial. Contrary to popular belief, investing more doesn’t always guarantee higher returns. Instead, strategic investment decisions—such as choosing between stabilized facilities, distressed properties, or new construction—can unlock significant upside potential. This […]
The Impact of Owner Involvement on Assisted Living Profits
The level of involvement an owner chooses in operating an assisted living facility plays a pivotal role in determining profitability. Owners can adopt a hands-on approach, living on-site and managing day-to-day operations, or opt for a hands-off role, delegating responsibilities to hired managers or management companies. Each approach comes with distinct costs, benefits, and implications […]
How Much Can You Make in the Assisted Living Business?
When we talk to people that want to get into the assisted living business, one of the first questions they ask is, how much money they can make. It’s not an easy question to answer as the amount that can be made depends on many factors, including number of beds, location, and services offered. As […]
Hands-On vs. Hands-Off: Choosing Your Management Style in Assisted Living
One of the critical decisions when entering the assisted living business is whether to be a hands-on or hands-off operator. The level of involvement often depends on the size of the facility and available resources. Here’s what you need to know to make the best choice.Hands-On Involvement for Smaller Facilities:For smaller residential assisted living facilities, […]
Understanding the Limitations of Real Estate Projections
When considering purchasing an assisted living facility, it’s common to receive projections from real estate agents that showcase potential profitability. However, these projections may not always reflect the full reality. It’s important to understand their limitations and do your own analysis. Evaluating Real Estate Agents’ Projections:Real estate agents are often focused on making the sale, […]
Understanding the Financial Commitment in Assisted Living
Starting an assisted living facility is a significant financial undertaking that requires careful planning and investment. Whether you’re looking to start small or go big, understanding the financial obligations involved is crucial. In this post, we’ll explore the range of investments required and why starting small might not always be the best approach. Financial Obligations […]
Greenbrier of Fairmont Assisted Living Sold in North Carolina Southeast Area North Carolina
Greenbrier of Fairmont Assisted Living for Sale in North Carolina Southeast Area North Carolina Sold on June 28, 2024. The property is located in Fairmont North Carolina and is 31,176 square feet. The property was built in 1995 on a nearly eight acres lot. Property information Sale Information Property Name: Greenbrier of Fairmont Sale Date: […]
Sunrise at East Cobb Assisted Living Sold in Atlanta East Cobb Georgia
Sunrise at East Cobb Assisted Living for Sale in North Atlanta, Georgia Sold on May 22, 2024. The property is located in Marietta, Georgia and is 50,537 square feet. The property was built in 1997 on an 3.73 acre lot. Marietta, Georgia is home to the Greek and Art in the Park Festival. Iconic Landmark […]