Spanish Cove Retirement Community
How we got $3.3M
Based on 184 employees on its 2024 401(k) filing.
What we know
Signs of a sale Some signs of a sale
- In business 29 years (since 1997)
From public records and the company's website, not a statement that it's for sale.
What they do
Spanish Cove is a non-profit continuing care retirement community in Yukon, Oklahoma, offering independent living, assisted living, memory care, skilled nursing, and hospice for seniors. It describes itself as a 62+ community in the Oklahoma City metro area.
From the company's website. Industry: Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly.
Ownership & transactions
- Investment from Ziegler · Sep 2017Ziegler's single-site senior living transactions list shows a September 2017 $20,000,000 New Money/Refunding Bank Direct Purchase for Spanish Cove Retirement Community in Oklahoma.Source
Estimated value over time
▲ 65% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 32% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | Form 5500 | 139 | $11.1M |
| 2021 | Form 5500 | 124 | $9.9M |
| 2022 | Form 5500 | 133 | $10.6M |
| 2023 | Form 5500 | 148 | $11.8M |
| 2024 | Form 5500 | 184 | $14.7M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| Spanish Cove Retirement Community this business | $16.8M | — |
| Gran Gran's Place Yukon | $2.3M | 0.4 mi |
| Residence at Yukon Hills Yukon | $2.3M | 0.5 mi |
| YUKON ALF OPCO, LLC Yukon · 25 employees | $1.1M | 1.1 mi |
| Victorian Estates Assisted Living Yukon | $2.3M | 1.2 mi |
| Ranchwood Nursing Center Yukon | $2.3M | 1.2 mi |
| Savannah House of Yukon Yukon | $2.3M | 1.4 mi |
The full calculation
Brought up to date: prices are 10% higher than in the benchmark's year, both included above.
| Estimated value = EBITDA × typical sale multiple | $3.3M |
| Multiple for this size and industry | 3.8× |
| Value range | $2.1M – $6.0M |
| Employees in its retirement plan (2024 Form 5500) | 184 |
| Industry revenue per employee | $80K |
| Revenue = employees × revenue per employee | $16.8M |
| EBITDA margin (industry, adjusted for size) | 5% |
| EBITDA = revenue × margin | $872K |
Uses the newest headcount we have: participants in the company's retirement plan from its Form 5500 filing with the Department of Labor. Plans can leave out part-timers and new hires, so the range leans higher than the estimate.
| Revenue range | $13.4M – $25.2M |
| EBITDA range | $698K – $1.3M |
| Industry (NAICS) | Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (6233) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. These are statistical estimates, not reported financials. Listing details come from Overture Maps open data. Full methodology
People & advisors
“Approaching 50 years of dedicated service and experience as a non-profit public trust, Spanish Cove Retirement Village stands as the most experienced continuing care retirement community (CCRC) in the Oklahoma City metro area.”
Advisors
- AccountingEide Bailly LLPAudits its 401(k) plan (2024 filing)
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spanish Cove Retirement Community
Spanish Cove Retirement Community is a continuing care retirement communities and assisted living facilities for the elderly company in Yukon, Oklahoma, in business since 1997. It is owned by Don Blose (CEO). Its estimated annual revenue is about $16.8M, with roughly $872K of EBITDA. It has about 184 employees. Its estimated business value is $3.3M (likely range $2.1M–$6.0M).
Common questions
- Who owns Spanish Cove Retirement Community?
- Spanish Cove Retirement Community is owned by Don Blose (CEO), according to public sources such as the company's website or filings.
- How much revenue does Spanish Cove Retirement Community make?
- SeeBITDA estimates Spanish Cove Retirement Community's annual revenue at about $16.8M (likely between $13.4M and $25.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spanish Cove Retirement Community worth?
- About $3.3M, roughly 3.8× its estimated EBITDA of $872K, typical for a continuing care retirement communities and assisted living facilities for the elderly company its size. Likely range: $2.1M–$6.0M.
- How many employees does Spanish Cove Retirement Community have?
- About 184, from its 2024 retirement-plan filing.
- When was Spanish Cove Retirement Community founded?
- Spanish Cove Retirement Community has been in business since 1997.