Established Assisted Living Facility w/ RE

Illinois

Asking Price: $4,999,000

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Business For Sale Details

Listed on Jul 11, 2022(Renewed on Mar 6, 2025)

PRICE REDUDTION Established Assisted Living Facility w/ RE

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.
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.

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Financials (USD)

Asking Price $4,999,000

Cash Flow $403,227

Sales $1,446,347

Deal Terms

Represented by broker? Yes

Buyer Fee? Available On Request

Seller Financing? Yes

Willing to co-broke? Available On Request

Principals only? Available On Request

Franchise? Available On Request

Management will stay? Yes

Relocatable? Available On Request

Real Estate? Yes

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