PRICE REDUCED Established Assisted Living Facility
Not Disclosed, IL Not Disclosed
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- RE: PRICE REDUCED Established Assisted Living Facility
- Contact: Charlie Scarlett
Quick Facts
| Asking Price: | $4,999,000 | |
| Annual Revenue: | $1,446,347 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | $403,227 | |
| Total Debt: | Not Disclosed | |
| FF&E: | $200,000 | |
| Real Estate: | $5,400,000 | |
| Year Established: | 2002 | |
| Employees: | 29 | |
| BBN Listing #: | 205763460 | |
| Broker Reference #: | 1110202-481278 |
Business Overview:
Lovely, twenty-three year old retirement and assisted living facility on 7 acres in suburban central Illinois providing residential and limited memory care for seniors. Excellent reviews. The business is consistently profitable and generates NOI averaging $349k ($403k in 2024 returning to pre-Covid levels). Significant revenue growth opportunities include addition of a fifth building for skilled nursing, rehab or additional residents as well as conversion of an existing villa(s) into memory care units. There is currently a shortage of rehab beds in the area. The seller is a nurse and manages the business.
For more information, contact the listing agent Charlie Scarlettcscarlett@tworld.comwith Transworld Business Advisors or our office at (636)400-6100stlwest@tworld.comand ask about listing number 481278
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: Residential furniture and support equipment..
FF&E General Condition: Well maintained.
Opened in 2002, with first 4,200 sq ft building containing 8 units. Three additional buildings have been added, two with a lower levels and additional apartments. The facility has developed an excellent reputation and has been consistently full.
Reason for Selling:
RetirementAdditional 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
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