NOT DISCLOSED, Illinois
| Asking Price |
$4,999,000 |
Year Established |
2002 |
|
| Annual Revenue |
$1,446,347 |
Reason for Selling |
Retirement |
|
| Annual P/L |
$0 |
Attention |
Charlie Scarlett |
|
| Annual Cash Flow |
$403,227 |
Listing Number |
584200 |
|
| # of Employees |
29 |
Business Category |
Services: Senior Living & Care, Assisted Living |
|
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.
Property Features and Assets:
<p>FF&E Overview: Residential furniture and support equipment..</p><p>FF&E General Condition: Well maintained.</p><p>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.<br></p>
Market Competition and Expansion:
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