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Aging Population: A Business Opportunity

Demographic trends suggest the need for assisted living facilities will continue for years to come, especially in New elderly_couple_walking.jpgHampshire where the population of seniors and retirees continues to grow.

Nationally, the population over 65 years old is expected to hit 86.7 million by 2050. The Carsey Institute at the University of New Hampshire issued a study in 2012 which pointed out that an increasing number of seniors plan to “age in place” in New Hampshire.The same study says residents prefer to remain closer to their homes and to their home communities as they age, and their children – who themselves may be retiring – often feel a sense of loyalty to keeping parents close to what is most familiar.This trend points to a range of potential business opportunities. One such field is assisted living. This sector offers residential care within a home-style setting that enables residents to age with dignity.

N.H. Business Sales is offering two such facilities at present. Each is profitable, comes with established clientele and established operating procedures.The facilities represent an excellent business opportunity to a range of buyers.An owner operator eager to get into this profession can buy a facility and personally operate it. Experienced operators with one or more other facilities could form a group and gain economies of scale. An investment oriented buyer could hire a manager and generate profits.Anyone interested in learning more should contact N.H. Business Sales to discuss the opportunities this profession represents, both now and in the future.

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