Business For Sale

Independent Living Facility in Northern Illinois

North, IL


Asking Price: Annual Revenue:
Not Disclosed $2,196,897

Services: Medical, Dental


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RE: Independent Living Facility in Northern Illinois Broker: Dan Mulvaney

Quick Facts

Asking Price: Not Disclosed
Annual Revenue: $2,196,897
Net Profit: Not Disclosed
Cash Flow: $500,592
Total Debt: Not Disclosed
FF&E: $350,000
Real Estate: Not Disclosed
Year Established: 1960
Employees: 25
BBN Listing #: 47638692
Broker Reference #: MINNEMN001-N1684

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Business Overview:

Independent living facility located in northern Illinois, equidistant between downtown Chicago and downtown Milwaukee. 100+ units. 100% private pay. Resident services include meals, laundry, housekeeping, etc. Moderately-priced rates. 91% occupancy. Operations and real estate being sold as a package. Well-maintained building and infrastructure. Originally constructed in 1960’s and refurbished in 2014 with ongoing infrastructure improvements.

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Reason for Selling:

Retirement

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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