Services - Health, Medical & Dental | Services - Social Services

Asking Price	$399,000	Inventory	$3-5k*
Gross Income	$129,840	Real Estate	$276,000*
Cash Flow	$69,000	Year Established	2002
FF&E	$20,000*	Employees	2ft.,2 pt.

* included in the asking price

** not included in the asking price

This One Of A Kind Adult Foster Home, and I say that because only nature can duplicate this property,sits on 1.6+wooded acres near the heart of one of Oakland County's most desirable cities.A live in couple that has been with the Home since it opened, provides 24/7 care and provides all the meals for the residents. The wife of one of the partners is the Home administrator, and while she obviously would need to replaced, all the caregivers would probably stay if the new owner (s) requested. The present owners are passive, only running occasional errands and shopping for groceries, when needed. Family's of the residents supply medications and transportation to Doctor visits.

Facilities: Built in 1990 this approximate 1600 sq.ft. ranch sits on1.6+wooded acres.There are 4 bedroms on the main floor and the basement is fully finished. A 2 car attached garage and large wooded deck complete this home on this spectacular property.Propery sits next to a well maintained park for added privacy and beauty.

Competition: Some competition, but this is a one of a kind property that only nature could duplicate.The resident rates are very competitive according to the owners.They operate on referrals only-NO OTHER MARKETING- Most of the residents are long term, and ALL are Private Pay!!

Growth/Expansion: The Home is approved for 6 residents by the Michigan Department Of Human Services. They presently have 5 residents and are interviewing a 6TH. None require critical care.

Support/Training: Sellers administrator will stay 2 weeks to acquaint the buyer with the residents,personnel, and procedures.

Reason Selling: One of the partners is moving to Florida