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Well Established Adult Foster Care Family Home – Portage Michigan

REAL ESTATE included in asking price! This is a Family Adult Foster Care Home, which allows a family to live in the upper part of the bi-level home and the four developmentally disabled gentlemen to live in the lower part of the home. This is an ideal opportunity for individuals who would like to stay home and raise their own children, while earning a substantial income, without the expense of daycare for the children. The contract with Kalamazoo County Community Mental Health and other government placing agencies provides a large tax-exempt income for the owner.

The family atmosphere of the home gives the four gentlemen a sense of worth. Through providing them with their meals, medications, laundry, etc., the business owner gives them a sense of worth and belonging. All the gentlemen use Metro Transit services to go out to day programs, which provides the owner time with no residents present.

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Listing ID:

MSS-25035363-64

Location:

Michigan

Type of Business:

Family Home Adult Foster Care

Asking Price:

$795,000 (Real Estate Included)

Gross Revenue:

$206,601

Cash Flow:

$146,646

Inventory:

Included

FF&E:

$25,000 (Included)

Established:

2001

Employees:

Owner + 4 On-Call EE’s

Facilities:

  • House has been expanded to comfortably house 4 residents with all the comforts of independent living
  • 3 bed 2 bath upper level is completely separates from residents to allow owner to live onsite
  • Quiet Portage neighborhood with large lot

Real Estate / Lease Terms:

·    Available for purchase only

Growth Opportunity:

  • Business runs smooth and has seen moderate growth year over year, outpacing inflation
  • There is potential to add residents by expanding from four beds to six beds and remain a family home

Competition:

  • Industry is expanding and quality facilities are in high demand – no competitive landscape as the need outpaces current supply
  • Business has never had vacancies go unfilled for more than 30 days

Support & Training:

  • Current sellers have well documented support and training materials
  • Sellers will provide training and support to facilitate a smooth transition

Reason for Selling:

  • Seller is looking to retire

Broker Contact:

E. Brad Scoffin – Main Street Market Maker a division of Advanced Business Advisors, LLC

Direct: 269-903-8143

Email: Brad@MainStreetMarketMaker.com

For more information, fill out the form below:

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The broker has made no investigation of the above information, prospective buyers must accept all due diligence responsibility. ​Above information is subject to change and/or correction and should not be considered binding.

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Dr. Mark Hagar

A lifelong resident of Fort Wayne, Indiana, Dr. Mark Hagar brings decades of hands-on experience in small business ownership, acquisitions, and turnarounds to his role as a business broker. Over his distinguished career, he has acquired and operated more than 20 companies and engineered over 50 successful turnarounds, giving him a uniquely practical understanding of what makes businesses succeed, and sell. His portfolio spans manufacturing, distribution, and service firms in industries including printing, education, military contracting, aerospace, and orthopedics. This diverse background enables him to identify value, anticipate buyer needs, and structure complex deals with confidence and precision.


Mark holds a Doctorate in Business Administration (DBA) from Cranfield University’s School of Management in Bedford, England—one of Europe’s leading business schools. His research on small business resilience and operational excellence has been recognized by the Small Business Institute (SBI), the United States Association for Small Business and Entrepreneurship (USASBE), and the International Council for Small Business (ICSB).


In addition to his business career, Dr. Hagar has served as a member of faculty at several institutions of higher education, including Holy Cross College (Notre Dame), Trine University, and the University of Saint Francis. He also hosted Your Business Matters, a small business–focused radio show and podcast for more than a decade and is the author of Small Fortunes – the Acquisition Entrepreneur’s Guide to Buying a Profitable Small Business.


A passionate advocate for entrepreneurs, Mark previously chaired the Indiana Leadership Council for the National Federation of Independent Business (NFIB), representing small business owners before state and federal legislators. He currently serves as President of the Allen County, Indiana Economic Development
Commission.


As a broker, Mark specializes in industrial, manufacturing, and distribution firms, with particular expertise in special situations, distressed assets, and complex transitions where experience, creativity and discretion are central to success.