“Once in a lifetime opportunity to become an owner-operator of an assisted community in the Greater Greenville area.”
Owning an assisted living community can be both a lucrative and highly secure investment in your future. It is the ideal for many, if not most, seasoned administrators working in the field. As the owner of the facility, every dollar of value and every bit of hard work you put into the business is an investment in your financial future.
However, the barriers to entry in this industry can be insurmountable. For starters, the cost to build an approximately 30-unit facility can be as much at $2,000,000. Additionally, the cost and effort to initiate staffing, acquire the necessary facility licensing, bring on a steady stream of patients and manage the other startup costs and tasks can be overwhelming to say the least. Additionally, even if one was seeking facilities financing, an up-front down-payment of $400,000 can easily be expected. However, financing is likely unobtainable until a multi-year track record can be shown.
All of this makes the dream of working for yourself, owning and operating your own community, relatively unobtainable for most administrators. Instead, these profits are seen by the owners of the facilities.
Laurens Estates’ current ownership is looking to change this. Currently, Lauren’s Estates is in process of hiring a new administrator. If you would like to apply solely as a FULL TIME ADMINISTRATOR please do.
However, they are considering creating an opportunity for the right person to walk into full and complete ownership of the business without the typical expense and red-tape normally associated with acquiring a facility.
To this end, Laurens Estate owners would like to offer their next administrator the opportunity to purchase the business and property with minimal down-payment and incredible terms, all of this being financed privately by the Sellers.
If they can find the right person, they are looking to fully transfer the ownership of the business and the real estate for a total price of $550k, a more than $100k discount from the appraised value. The owners are willing to provide the right individual low-interest affordable payments with incredible terms for up to three years. After three years, the administrator would simply refinance with a Conventional Commercial Loan or a SBA loan.
This opportunity is unheard of in this industry and will only be available to the right person with the correct mix of character, work ethic and experience.
Requirements:
* 4 years Executive Director Experience in a continuing care retirement community, independent or AL community
* 2 plus Experience with Medicaid OSS, OSCAP billing and receivables.
* Associates or Bachelor’s degree in healthcare, gerontology, business or related field preferred.
* Currently Licensed in the state of SC for Assisted Living CRCFA
* Knowledge of Assisted Living Regulations, Medicare and Managed Care.
* Ability to read and interpret financial statements and manage a budget.
* Experience with marketing and sales a plus.
* Work history that indicates a strong partnership with a sales team to drive occupancy.
* Work history that supports ability to hire, direct and manage associates with the aging population.
Job Type: Full-time
Pay: Up to $200,000.00 per year
Benefits:
- 401(k)
- Dental insurance
- Employee assistance program
- Health insurance
- Life insurance
- Paid time off
- Vision insurance
Schedule:
- 8 hour shift
- Monday to Friday
Supplemental Pay:
Experience:
- Assisted Living: 4 years (Required)
Source: Indeed.com
Click Here To Apply
