Unique Business Opportunity in High Growth Industry

Assisted living and memory care facility, consisting of 3 - 16 bed licensed facilities. Location is adjacent to Sun City, Texas, a 55+ aged restricted community with over 15,700 residents. A $1M+ renovation was recently completed to the facility. An additional 5 - 6 acres of land offers the opportunity for future expansion. Amenities - activity room, cable and WiFi, comfortable lounges with a fireplace & TVs, landscaped grounds with walking paths, on-site church services, scheduled outings with transportation Real estate and FF&E values represents owner's reasonable determination of value. Gross revenue and cash flow are based on proforma of 81% census. Location: Georgetown, Texas Year Established: 2017 Real Estate: Owned Building Sq. Ft.: 21,596 Facilities: 3 - 16 bed licensed facility with 38 rooms housed in a 21,596 sf building and is located on 10 acres. Each room is equipped with a private restroom and shower, and a HVAC unit. Each room also offers a cable TV connection and plenty of closet space. Some of the rooms offer a private refrigerator. Rooms overlook a beautifully manicured courtyard, which offers landscaping that provides a tranquil environment for both residents and their guests. Commercial kitchen services all three wings. Mini-bus for transportation is included. Market Outlook/ Competition: Prime location adjacent to Sun City, Texas, a 55+ age restricted community with over 15,700 residents. Growth & Expansion: Offering 10 acres, the site provides the opportunity to build additional facilities to accommodate future growth. The facility is also located in very close proximity to Sun City Texas, a 55+ aged restricted community that currently has over 15,700 residents and was established over 25 years ago. Georgetown is the county seat of Williamson County. Williamson County's population (2019) is 590,600 and has increased over 450,000 since 1990. It also represents an increase of app. 40% from 2010 to 2019. Future growth is unlimited.