$900,000.00
Asking Price
Address: 321 Royal Ave., Simi Valley, CA, Simi Valley, 93065.
Status: Active
Posting ID: 286444
5/7/24
Description
This is an excellent opportunity to acquire a fully built out and ready to license Congregate Living Health Facility (CLHF) Property in Simi Valley. With the CLHF reimbursement rates having risen recently, CLHFs have become a lucrative investment opportunity for those who understand how to operate a Congregate Facility. This listing is for property only and at this time will NOT include the business part. *
Property Only. No CLHF Business.
Property Description: This property is on an approximate 11,250 square foot lot with a living area of approximately 2,310 square feet. The property was built in 2003 and it is situated 4.2 miles from the Adventist Simi Valley Hospital,8.1 miles from Los Robles Regional Medical Center, 4.4 miles from Fresenius Medical Care and 0.9 miles from the Ventura County Fire Station #47. This single story 4-bedroom, 2 full bathroom, 1 half bathroom, 1 nursing station, large dining area, large covered back patio in a quiet community is perfect to operate a CLHF, an ARF, or an RCFE. The actual build-out itself lends the property to become the facility of the buyer’s choice. *
Why Consider A Fully Built Out CLHF Property?: Expense and Time will be your answer. The previous CLHF operator took a lot of time and attention to detail to comply with the California Department of Public Health (CDPH) and the Fire Marshall guidelines. * This included the following modifications made to the property:
1. EGRESS. This CLHF property has been modified via the city standards and approval for egress for each of the four (4) patient rooms. *
2. RAMPS. This CLHF property has cement ramps approved by the city at all the egress exits. *
3. NURSING STATION. As you enter the main entrance on the right side you will find a part of the property that was allocated to facilitate a nurse’s station with plenty of space for charting, a centralized patient call system, an area to store and lock confidential documents, and a space dedicated for the professional team to talk and document on patient care. *
4. SECURITY CAMERAS. The facility has a security camera system in place both inside and outside to facilitate safety. *
5. FIRE SPRINKLER SYSTEM. The facility has been modified with an architecturally designed fire sprinkler system. *
6. OUTDOOR GENERATOR. The facility comes with a Generac standby generator system fully installed. *
7. DISHWASHER. The facility comes with a new LG Dishwasher though it would be up to the buyer to ensure that it is a commercial dishwasher. *
8. DME. Though not a formal build out, the facility will come with durable medical equipment (“as-is”) to include hospital beds, a Hoyer lift, bedside tables, patient televisions, geriatric chair and more. *
9. CALL-LIGHT SYSTEM. The facility has call switches in all rooms next to the patient’s beds and in all the patient bathrooms which are synched with both the nursing station and call lights in the living room area. *
10. INVENTORY. Though inventory is not a part of the build out, the property does have supplies (“as-is”) located in the nursing station and in the garage. The exact items and cost are undetermined but there is a significant value in place for the inventory. *
11. POLICY AND PROCEDURES MANUALS AND BINDERS. Though the binders are not a part of the build out and though the business itself is not currently being sold, the past business in the property had all their compliance binders in place which can be endorsed to the incoming buyer less any HIPAA related documents. *
12. GARAGE. The garage has been modified with a barrier in place to protect the water heater and racks in place for CLHF related inventory. *
13. GATED. The facility is fully gated from the street area allowing the staff to monitor visitors, staff, and patients. *
14. WALK IN SHOWERS. The CLHF showers have both been modified with one of the two showers being curb-less to facilitate a wheeled shower chair. *
15. RV PARKING. Though the RV Parking location is not a part of the formal build out, there is plenty of space for an RV on the side of the house.
LENDING. The facility being itself built out as a business would lend itself to being financed via an SBA 7(a) loan meaning terms that may make sense for the savvy investor. We have lenders in place that can help the buyer understand the process and begin the application. *
AS-IS. The property, the existing FFE, the existing DME, and the existing inventory are being sold “as-is” with the seller not providing any representations or warranties.
FFE/DME/INVENTORY. The seller will be including all FFE/DME/Inventory as a part of the sale. *
MOTIVATION. The seller would like to focus their attention on other non-CLHF endeavors. *
SELLER PREFERS: (1) Buyer to have healthcare experience in operating a CLHF and (2) Buyer to have the funds available to proceed with a transaction (proof of funds), (3) Buyer to have a Pre-Qualification Loan Letter.
SELLER RECOMMENDS: (1) Buyer to have the ability to generate CLHF patient referrals, (2) Buyer to have the required professional team member(s) to operate and to license a CLHF, (3) a professional team member to assist with the due diligence request/interpretation of the property build out. Healthcare Biz Brokers is not directly responsible for due diligence request/interpretation. *
TERMS. This listing is open to all offers, which will be assessed on a case-by-case basis. *
ALL potential buyers must: (1) Sign an NDA and (2) provide Proof of Funds (redacted).
DISCLAIMER: 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 Healthcare Biz Brokers, its agents, representatives, or subsidiaries as to the accuracy, completeness, or validity of such information. Interested parties are encouraged to seek counsel from their accountant, attorney, Medicare consultants, medical billers, medical coders, experienced clinicians and/or other business advisors.
Healthcare Biz Brokers is working alongside the listing agent in the sale of this CLHF Business Opportunity. This advertisement is only for individual/corporate buyers and not for brokers.
*Buyer to verify during due diligence
To get more information about this Congregate Property - CLHF, Fully Built Out business for sale in Simi Valley please phone Ralph Santos (Intermediary, ProBuySell Member, Agent, Webinar Panel - BRE License #:02006120) at 818-731-7173 and 888-736-2911 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #286444 on BizBen.com. In addition to phoning Ralph Santos, make sure you email Ralph Santos above to get more info about this Congregate Property - CLHF, Fully Built Out, to ask any questions or request an appointment to see this business for sale. Thank you. License # 02006120. Healthcare Biz Brokers.
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Details
Asking Price: $900,000.00
Down: $900,000.00
Cash Flow: Call/Email
Revenue: Call/Email
Area: Simi Valley
City: Simi Valley
Attributes:
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