In this episode of the Assisted Living Investing Podcast, host Brandon Gustafson provides a comprehensive guide for beginners looking to purchase an existing assisted living business. Brandon, who has extensive experience in the assisted living sector, discusses his proven five-phase process that includes building a strong foundation with a solid business plan, conducting market research, finding the perfect property through brokers and online platforms, securing funding, obtaining necessary licenses, and managing operations effectively. He emphasizes the importance of building strong relationships with brokers, lenders, and state officials, and offers valuable resources such as a free business plan checklist and underwriting calculator. He also highlights common expenses, the challenges of staffing, and the importance of making sound financial decisions to ensure the long-term success of your assisted living business.

00:00 Introduction to the Podcast

00:38 Host's Background and Experience

01:26 Building a Solid Foundation

03:57 Finding the Perfect Property

06:23 Securing Funding

09:55 Obtaining Facility License

13:55 Taking Over Operations

18:23 Q&A and Final Thoughts

Resources Mentioned:

Visit our website, AssistedLivingInvesting.net, for additional resources, including our year-long mastermind program and free underwriting calculator.

Get your free business plan checklist today: https://urlgeni.us/alibpc

Learn about the Assisted Living Investing Mastermind: assistedlivinginvesting.net/mastermind

Apply for the Mastermind today: alimastermind.com/application

Join the Bussiness Foundation Basics Workshop: Assisted Living Business Foundation Basics

Learn the five steps to help you start an assisted living business: https://youtube.com/live/dRVCa80SOyM

Get the 12 Week Year Book: https://amzn.to/4bAOpQf

Who Not How by Benjamin Hardy : https://bit.ly/whonothowbooklink

Courses:
- Do you need guidance on your journey to launching your assisted living business: https://urlgeni.us/aliala
- Do you need help building your business plan: https://urlgeni.us/alibpg

FREE Resources:
- Business Plan Checklist: https://urlgeni.us/alibpc
- Calculator: https://urlgeni.us/alicalc
- Lease Agreement Template: https://urlgeni.us/alila
- ProfitPath Analysis Tool: https://urlgeni.us/aliprofitpath
- Grant Writing Template: https://urlgeni.us/aligrant
Need help with your payroll? Get Gusto: https://gusto.c om/i/brandon9590

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Podcast 73 | How to Buy an Existing Assisted Living Business: The Ultimate Guide

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