Memory Care Home W/ Real Estate- St Louis Suburb
Not Disclosed, IL Saint Clair County
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- RE: Memory Care Home W/ Real Estate- St Louis Suburb
- Contact: Charlie Scarlett
Quick Facts
| Asking Price: | $1,200,000 | |
| Annual Revenue: | $494,675 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $141,320 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $55,000 | |
| Real Estate: | $1,700,000 | |
| Year Established: | 2015 | |
| Employees: | 8 | |
| BBN Listing #: | 37863460 | |
| Broker Reference #: | 1110202-864534 |
Business Overview:
12-bed Memory Care and Adult Day Care Facility on 4.35 acres. $141K SDE in 2020. 6,872 sf building with commercial kitchen constructed in 2016. This active business is priced as an asset sale below the appraised value of the real estate. Lots of opportunity for expansion. Plans in place for a duplicate or 55-bed addition. Seller is highly motivated to sell quickly. This is a great opportunity for a cash buyer to gain a foothold and build a successful memory care and assisted living facility for a bargain price in O'Fallon, IL.
UPDATE – Due to a recent loss of residents below a sustainable level, the sellers are in process of closing Joe’s Place down to minimize the cash drain. The anticipated closure date is currently mid-2024. As time is of the essence, buyers wishing to purchase a going concern should act quickly.
For more information, contact the listing agent Charlie Scarlett cscarlett@tworld.com with Transworld Business Advisors or our office at (636)400-6100 stlwest@tworld.com and ask about listing number 864534. Real Estate included through WJRJR LLC, 636-400-6100 Listing Broker William Roland Jr.
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Property Features and Assets:
FF&E Overview: Furniture, office equipment, security cameras, commercial kitchen, shuttle bus.
FF&E General Condition: Good.
Reason for Selling:
Retirement
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
Relevant Links:
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