Buying an Assisted Living Facility in Sunrise

Purchasing an ALF may involve an operating business, real estate, or both. The investigation should match the proposed transaction. In Sunrise, important areas include financial due diligence, licensing and insurance. Ask for records that support census, revenue, payroll and expenses. Confirm whether furniture, equipment, business name, contracts and real estate are included in the proposed sale.

Check the Sunrise Parcel and Use

The City’s GIS Maps allow a preliminary look at zoning and land use, but the City expressly cautions that these maps are conceptual and do not establish suitability for a specific use. Confirm the proposed ALF use, capacity and any approvals with Sunrise Community Development for the exact property before treating a house as an operating opportunity or conversion candidate.

Review permit and inspection records for bedrooms, additions and building systems. When comparing a going-concern ALF with a property-only offering, separate verified resident revenue and expenses from the cost of any improvements or licensing steps still needed.

Documents a Buyer Should Review

Request current licensing information, recent surveys and plans of correction, resident census information without unnecessary personal identifiers, staffing records, financial statements, tax records, insurance history, loss information, vendor agreements and a clear list of assets included in the sale. Legal, accounting, zoning and licensing professionals should review matters within their respective fields.

Selling an ALF in Sunrise

A prepared seller can reduce delays by organizing financial records, license and survey documents, property information and an explanation of what is included in the transaction. Confidential marketing should disclose enough verified information for a serious buyer to evaluate the opportunity without exposing resident information or making unsupported promises.

Insurance and Property Review

Insurance should be evaluated before the transaction deadline. General Liability, Professional Liability, property, Workers’ Compensation and Commercial Auto address different exposures. Eligibility and pricing depend on the actual building, services, residents, staffing, prior coverage and loss history. Property inspections and insurance review do not replace licensing or zoning approval.

Start a Confidential Conversation

Tell us whether you want to buy or sell the business, the real estate or both. Include the preferred bed count, approximate budget and location. Availability changes; this page is a local educational resource and does not represent that a particular facility is currently offered for sale.

Buyer inquiry | Confidential seller inquiry | ALF insurance | Broward ALF guide | Due-diligence checklist