Business Listing

Well Established Adult Foster Care Family Home – Portage Michigan

REAL ESTATE included in asking price! This is a Family Adult Foster Care Home, which allows a family to live in the upper part of the bi-level home and the four developmentally disabled gentlemen to live in the lower part of the home. This is an ideal opportunity for individuals who would like to stay home and raise their own children, while earning a substantial income, without the expense of daycare for the children. The contract with Kalamazoo County Community Mental Health and other government placing agencies provides a large tax-exempt income for the owner.

The family atmosphere of the home gives the four gentlemen a sense of worth. Through providing them with their meals, medications, laundry, etc., the business owner gives them a sense of worth and belonging. All the gentlemen use Metro Transit services to go out to day programs, which provides the owner time with no residents present.
Industry
Health and Medical, Personal
Segment
Adult Foster Care
Asking Price
$795,000.00
Ref ID
MSS-25035363-64
Established
0
# of Employees
5
Full Time Employees
1
Part Time Employees
4
Gross Revenue
$206,601.00
Cash Flow Type
Seller's Discretionary Earnings
Cash Flow
$146,646.00
Other Value
$0.00
FF&E
$25,000.00
AP/AR
$0.00
Real Estate in Asking
Yes
Inventory in Asking
Yes
Inventory
Included
Equipment
Real Estate
Included in asking
Facilities
-House has been expanded to comfortably house 4 residents with all the comforts of independent living
-3 bed 2 bath upper level is completely separates from residents to allow owner to live onsite
-Quiet Portage neighborhood with large lot
Broker/Seller

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