Thrive Acquisition represents a financial buyer seeking to acquire a company with a minimum of $500k EBITDA. Buyer has professional experience in systems and technologies for various industries including manufacturing and health care and is seeking a business enterprise that he can bring to next-level performance. Contact Us for more information.
Thinking about whether or not you are ready to exit is an important question. It’s something that every business owner will have to address at some point. Importantly, you don’t want to wait until the 11th hour to prepare to sell your business. There are far too many pieces in this particular puzzle to wait until the last minute. You’ll want to begin the process sooner by asking yourself some key questions.
List Price $2,495,000
9334 River Road, Clay Twp MI 48001 - Real Estate for Hospitality or Care Facility
Although this is not waterfront property, some of the rooms offer a view of the river. The property is surrounded by small businesses, single-family homes, and natural areas. Public transit runs M - F with a stop nearby for local transportation options and connects the community to Detroit and the surrounding areas.
The business has been out of operation for several years due to management issues. Other possible uses are another type of group/care facility, boutique hotel, or bed and breakfast. Check out all this property has to offer!
The building features 24 suites, most having a spacious bedroom and in-suite private bathroom with a zero step shower. Eight rooms on the main floor offer accessibility for people of all abilities with eight ADA Compliant bathrooms serving the main floor residents/guests. Common areas on the main floor includes a lobby, a dining area near the commercial kitchen, and an all-purpose area with access to an outdoor patio. The tall ceilings and windows bring in a lot of natural light. An outbuilding can be converted to a hobby/crafts room, educational area, or extra storage building.
The facility has sprinklers throughout for passive fire suppression. The second- level floor is concrete, and the walls between suites have extra insulation for noise reduction. The infrastructure includes heavy electrical and plumbing. The commercial kitchen is built out with a walk-in cooler, walk-in freezer, hood with make-up air unit, and more. The interior would benefit from some cosmetic updates but the epoxy floors are in good condition. The exterior is ready for a refresh.he reason for the sale is the under-utilization of the property.
The seller and seller's broker are to be present for showings.
Business acquisitions are red hot, and all kinds of businesses are being snapped up. Some people are under the impression that only large businesses are being acquired, but this is far from the reality of the situation. It would surprise many to learn that so much of the “action” is, in fact, small businesses buying other small businesses.
In his Forbes article, “Take Advantage of the Golden Age of Business Acquisitions,” author Christopher Hurn explores the true state of the “acquisitions game.” His conclusions are quite interesting. In Hurn’s opinion, there has never been a more active time in the realm of business acquisitions.
