Searching for an Assisted Living Facility for sale in Fort Myers? Buyers in Fort Myers should evaluate more than the asking price. An ALF transaction can involve the operating business, the real estate, a lease, licensed bed count, staffing, insurance, property condition and local use requirements.
Buying an ALF in Fort Myers
Some opportunities include only the operating business. Others include the property as well. Before making an offer, determine exactly what is included and what will remain after closing.
Learn how we help buyers evaluate ALF opportunities.
Business, Real Estate or Both?
The value of an ALF can look very different depending on whether the transaction includes the real estate. A business operating from leased property should be analyzed differently from a sale that includes both the operating business and the building.
Read: Buying an ALF in Florida — Business, Real Estate or Both?
Fort Myers Property Due Diligence
Before buying a property for an ALF, buyers should review the exact address, jurisdiction, permitted use, property configuration, open permits, additions, fire and life-safety considerations and other requirements that may affect the proposed operation.
Fort Myers and surrounding Lee County areas can involve different local jurisdictions, so a buyer should verify requirements for the specific property rather than assuming that rules are identical across the region.
6-Bed vs. Larger Facilities
A 6-bed residential-style ALF can have very different staffing, revenue and property needs than a larger operation. Buyers should compare occupancy, resident rates, payroll, operating costs and management complexity—not simply the number of beds.
Compare 6-bed and 12-bed ALF operations.
Review the Numbers Before You Buy
Available financial information should be reviewed carefully, including revenue, expenses, payroll, occupancy, resident rates, rent or mortgage payments, insurance, utilities and recurring operating costs.
Use our ALF Due Diligence Checklist before you close.
Insurance Matters Before Closing
Insurance requirements and pricing can depend on the facility, property, services, bed count, staffing and carrier underwriting. Possible needs may include General Liability, Professional Liability, Property Insurance, Workers’ Compensation, Commercial Auto and specialized endorsements.
Explore ALF insurance options in Florida.
Selling an ALF in Fort Myers?
Owners considering a sale should understand what they are selling, how the real estate and business are being valued and what the total commission will cost in dollars.
Read: Before You Pay 6% Commission, Do the Math.
Looking for an ALF in Fort Myers?
Tell us your budget, preferred area, desired number of beds and whether you want the business, the real estate, or both.