Listing Number: 1110202-481278
Description
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 Scarlett cscarlett@tworld.com with Transworld Business Advisors or our office at (636)400-6100 stlwest@tworld.com and ask about listing number 481278
Real Estate included through WJRJR LLC, 636-400-6100 Listing Broker William Roland Jr.
Listing Details
- Price: $4,999,000
- Down Payment: $500,000
- Sellers Discretionary Earnings: $403,227
- Total Sales: $1,446,347
- Location: Adams County, Illinois
- Inventory: $2,000
- FF&E: $200,000
- Employees: 29
- Year Established: 2002
- Reason for Selling: Retirement
- Category: Medical Related Biz
