13 Jul UNDER CONTRACT Taos Retirement Village
Location: Taos & North Central Region, New Mexico
Industry: Health, Wellness & Beauty, Independent & Assisted Living Facility
Listing ID: TAM
Taos Retirement Village is an active, thriving aged 55-plus community ideally situated near historic Taos’ cultural hub. Spanning nearly six acres, the campus includes 47 independent living apartments, 7 independent living casitas, and 12 assisted living units licensed for 16 beds. Totaling 66 units, the occupancy rate is currently at 83%.
Taos Retirement Village’s residents hail from around the country, attracted by Taos’ natural beauty, distinctive culture, and rich sense of place. The Village’s robust life enrichment program makes the most of these cultural and recreational amenities. Private Duty Care is available to independent living residents, allowing them to live in their residence with dignity, security and ease.
Taos Retirement Village offers 17,889 square feet of common area space centered on the Brandenburg House. This Pueblo-styled two-story structure offers an art gallery, artist studio available for rent, library, village bistro, gym, and ample space for gathering and community building.
New owners will take over a fully staffed business, a strong management team, and a loyal staff dedicated to maintaining a nurturing and compassionate environment for its residents. Current owners have invested over $1,382,600 in recent capital investments.
You can safely and securely fill out an electronic NDA through SamGoldenberg.com at https://tinyurl.com/sganm.
Cash Flow: $452,033
Real Estate:$4,093,000 (Included in Price)
Seller Financing: Available
Reason For Sale:
The Seller will refocus on its primary core business.
Training & Support:
A director and strong management team in place will help foster a seamless transition. Other details to be negotiated.
Year Established: 1976
Year of Last Acquisition: 2010
Employees: 24 FT, 7 PT
Type of Location: Campus
Square Footage: 64576
A total of 64,576 gross square feet comprising 14 buildings spread out over 5.783 lush and green acres.
Taos Retirement Village has no direct competition in its service area.
New owners will be taking over an optimized operating model, a strong staff, and everything in place to build upon its healthy growth trajectory. Revenue grew 21% between 2018 and 2019. From 2019 to 2020, revenue grew a respectable 5%, despite the difficult logistics introduced by the global pandemic.