Developers/Investors Wanted

Price: $485,500.00

Property Description

REDUCED $100,000! Attention Investors/Developers! Looking for the perfect business opportunity at a pre-revenue price? We’re pleased to present Birchwood Meadows, LLC (A Wisconsin Limited Liability Company) for sale. Established in 2015, Birchwood Meadows was founded to develop a 65 room, approximate 52,000 sq ft long-term care facility encompassing Independent, Assisted, and Memory Care Living in Florence County, Wisconsin. Company members have developed a fully detailed business plan and acquired 18.5 acres for development with a special-use permit. Zoning approval has been acquired and various site tests including Phase 1, environmental studies, and TOPO have been conducted. Birchwood Meadows was able to secure a $583,500 TIF cash incentive AND Florence County is willing to approve a $1-2 million low-interest BCPL loan to help with the project’s success. The current members are providing the potential buyer(s) with all project planning, a cash flow projection by line item, a five-year profit/loss statement, and a full market analysis. Birchwood Meadows continues to receive inquiries and requests to be added to the already partially-full waiting list for occupancy. The updated feasibility study on file with Florence County shows the need for such a facility in this area. The current members are now seeking a qualified investor/developer to acquire the company including all assets and intellectual property. Ownership stakes could vary based on the the buyer’s preferred interest; however, current members have extensive experience and success in launching a similar project out of state. Current members would continue to be available in various capacities if desired, and would be based on purchase terms. The list price reflects complete ownership interest being transferred at sale with no retained interest by current members. Qualified buyers can be furnished a prospectus on this turn-key opportunity with a cap rate value at 8 or $12M+ on a fully funded $8.9M project. This once in a lifetime opportunity awaits the perfect investor, developer or group to break ground and bring all detailed plans to fruition!

Quick Summary

Property ID:
1664
Property status:
Sale
Property type:
,
Location:
Forward Dr, Florence, WI 54121, USA
Area:
18.50 ft²

Map

Contact Agent