Listing Number: 1110202-864534
Description
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 [email protected] with Transworld Business Advisors or our office at (636)400-6100 [email protected] and ask about listing number 864534. Real Estate included through WJRJR LLC, 636-400-6100 Listing Broker William Roland Jr.
Listing Details
- Price: $ 1,200,000
- Down Payment: $240,000
- Sellers Discretionary Earnings: $ 141,320
- Total Sales: $ 494,675
- Location: St. Clair County, Illinois
- Inventory: $ 0
- FF&E: $ 55,000
- Employees: 8
- Year Established: 2015
- Reason for Selling: Retirement
- Category: Medical Related Biz
Business Listed By:
- Charlie Scarlett
- Phone: (636) 400-5409
- Email: [email protected]
