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  Home > Search Results > For Sale: Congregate Living Health Facility, Real Estate

For Sale Congregate Living Health Facility, Real Estate In Moorpark, Ventura County, CA

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Contact: Ralph Santos at 818-731-7173, 818-731-7173 - Log In To Message/Email This Contact
Last Revised: 9/3/19. Posting #: 254601
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Key Words: congregate living, clhf, moorpark, ventura
Financial Info: Price: $600,000. Down: $600,000. Adjusted Net: Call. Annual Revenues: $1,179,000. The CLHF will be sold at $600,000. The Real Estate will be sold at $800,000. Revenue: 2018: $1,179,000. Estimated 2019: $1,203,521.48. Seller Financing will be considered for the real estate portion of the sale only.
Profile: We have an exciting opportunity for you to acquire an existing, literally turnkey Congregate Living Health Facility (CLHF) that would include all of the required clinical staff, the patients and the actual facility immediate income. This transaction would be for the existing business as well as for the real estate.

The CLHF (the business portion of the transaction) will be sold at $600,000.

The facility just completed its most recent survey one year ago with no issues reported. Its NPI is intact along with its CDPH License. The Corporation standing is good with the Secretary of State and with the Franchise Tax Board.

The Real Estate (the land and the facility) will be sold at $800,000.

The home for this sale will be treated as a "facility" with the real estate value being assessed as a facility due to the financial and structural changes that are required to open this type of business. The CMA will include nearby CLHF that have sold in the recent 6 months that most resemble this specific CLHF.

Congregate Living Health Facilities (CLHFs) are defined in H&S Code, Section 1250(i) (1), as a residential home with a capacity of no more than six beds, which provides inpatient care, including the following basic services: medical supervision, 24-hour skilled nursing and supportive care, pharmacy, dietary, social recreational, and at least one type of service specified in paragraph (2). The primary need of CLHF residents shall be for the availability of skilled nursing care on a recurring, intermittent, extended, or continuous basis. The care is generally less intense than that provided in general acute care hospitals but more intense than that provided in skilled nursing facilities.

This facility currently has a means CLHF (C) License which is defined as services for persons who are catastrophically and severely disabled. A catastrophically and severely disabled person means a person whose origin of disability was acquired through trauma or non-degenerative neurologic illness, for whom it has been determined that active rehabilitation would be beneficial and for whom these services would be provided. Services offered by a CLHF to a catastrophically disabled person shall include, but not be limited to, speech, physical, and occupational therapy.

The facility is currently in a 5 bedroom single story home with each room having its own exit which is ideal for egress reasons. Currently, one of the bedrooms is being used as a shared room with all of the room being large in size. The facility is operating with 5 out of the 6 bed filled with the facility has an established brand name within the area referral sources. The facility has a Five Star Yelp review along with Cal Quality Care . org reporting no confirmed citations.

The current owners spared no expense on the facility with all of the construction being done with the finest materials and with great workmanship. The facility is ADA compliant with fire sprinklers in place, generator in place and well over $300,000 spent on the remodeling and compliance portion of the facility.

The existing referral sources would become a part of the sale in the form of goodwill, though it would be beneficial for the buyer to have their own referral sources.

The ideal buyer for this type of facility would be a clinician (e.g. RN, MD) who could work with the clinical staff and the patients, but this is not a deal breaker. The ideal buyer would also know how to operate the business portion of the CLHF. Seller is open to short-term employment with the buyer to maintain consistency and assist the buyer with a smooth transition.

Options regarding the real estate portion of the transaction. The Seller is willing to work with the Buyer to facilitate a smooth transition. The Seller will be able to offer a one year lease at $5,000 with an option to buy. Subsequent lease years, if applicable, will be increased incrementally to conform to market rates.

There are plenty of growth opportunities for strategic buyers and/or independent buyers.

Revenue: 2018: $1,179,000. Estimated 2019: $1,203,521.48

Seller Financing is NOT available for the business portion of the sale. Seller Financing will be considered for the real estate portion of the sale. It is imperative that ALL potential buyers: (1) Sign an NDA, (2) Provide Proof of Funds (redacted), and (3) understand that no direct communication with the CLHF clinical or administrative staff is expected as a part of the pre-due diligence phase of the sale.

Please Note: The seller is responsible for proving the accuracy of any information provided to the buyer's satisfaction. Information contained in this document is provided solely by the seller. No representations or warranties are provided by Park Regency Realty, its agents, representatives, or subsidiaries as to the accuracy, completeness or validity of such information. Interested parties are encouraged to seek the counsel of their accountant, attorney and/or other business advisors. Cooperation limited to CalDRE Licensees with extensive experience in healthcare business sales.

Professional Resources & Contacts To Help You Close Your Deal!

Contact: Willard Michlin at 805-428-2063   Log In To Message/Email This Contributor
Profile: Willard Michlin is a business broker for 23 years. As a CPA & Certified Fraud Examiner, he works with buyers to get a FREE market valuation as well as full industry & financial due diligence on businesses they are interested in buying. He also offers FREE do-it-yourself due diligence training.
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Contact: Peter Siegel, MBA at 925-701-8064 X313, 925-785-3118 (Cell)   Log In To Message/Email This Contributor
Profile: I founded BizBen and BizBenNetwork to make the process of buying and selling small to mid-sized businesses more efficiently. I currently head up the Facilitator team at BizBenNetwork where we assist BBN Members with connecting with others to facilitate a deal. Thanks for using BizBenNetwork!
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Contact: Ralph Santos at 888-736-2911, 818-731-7173 (Cell)   Log In To Message/Email This Contributor
Profile: Using my MBA and my perseverance, I will make things happen! I provide business brokerage niche services specializing in the hospice and home health care agency industry in the Los Angeles County or Ventura County areas. For either buying or selling assistance please phone or email me today.
Key Words: ralph santos, park regency, medical, medicare, medicaid, health maintenance organization, home health, hospice, certified home health aids, home health, in home care, rehabilitation, rehab, skilled nursing facilities, nursing, glendale, burbank, los angeles, ventura, riverside, santa clara, milpitas, la habra, orange, norwalk, moorpark, rancho cucamonga, pasadena, signal hill, paramount, west los angeles, van nuys, granada hills, stanton
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Contact: Mike Brewer at 800-437-1100   Log In To Message/Email This Contributor
Profile: If your business involves alcoholic beverage sales, we can help. Obtaining a liquor license transfer or selling a business with a license in California does not have to be a frustrating and overwhelming process. We have procured thousands of licenses for our clients.
Key Words: mike brewer, liquor license, liquor licenses, abc, license broker, liquor license brokers
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Blogs, Articles, Interviews, & Events That Will Help You Sell Or Buy

Contributor: Peter Siegel, MBA at 925-701-8064 X313   Log In To Message/Email This Contributor
Profile: When selling your business, asking the right questions and gathering the proper information up front will allow you to carefully vet and qualify potential buyers while helping you understand their intention to buy your business, saving time and keeping your business's information confidential.
Key Words: peter siegel, non-disclosure agreement, NDA, qualified buyer, qualified buyers, business purchase financing, financing, cash, SBA loan, SBA financing, preparing business for sale, equipment, lease, seller financing, assets, collateral
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: BizBenNetwork Manager Jordan Green provides business buyers with tips for ensuring a smooth transition into business ownership and details ways to successfully approach topics such as training, employees, vendors, and contracts in order to keep business running smoothly after assuming ownership.
Key Words: purchase agreement, training period, training, transition, employees, buying a business, business purchase, purchasing a business, jordan green
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Contributor: John Byrne at 954-296-0566   Log In To Message/Email This Contributor
Profile: Business Valuation Expert and CPA John Byrne explains how business owners need to have accurate and timely financial statements in order to manage, grow, and ultimately sell their business. The emphasis should be on generating the financial statements to serve all users of the financial data.
Key Words: selling a business, sell a business, sell your business, financial statement, financial statements, financials, valuation, valuing a business, valuing your business, business valuation, business owner, business owners, owner sellers, john byrne
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Contributor: Jordan Green at 925-701-8064 X314   Log In To Message/Email This Contributor
Profile: Determining a reasonable deposit and appropriate timeline for the various steps involved in a small business transaction can ultimately have a large impact on the sale of a business. BizBenNetwork Manager Jordan Green explains the important role that deposits play in a business’s sale.
Key Words: deposits, escrow, deposit, non-refundable deposit, purchase agreement, attorney, cpa, broker, brokers, buyers, buying a business, due diligence, deal structures, jordan green
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