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For Sale: Home Health Agency - Operating Legacy, 18 Years - Los Angeles County, California

$1,400,000.00

Asking Price

Los Angeles County Home Health Agency - Operating Legacy, 18 Years Business For Sale

Description

We have an excellent opportunity to acquire an existing legacy Joint Commission accredited and operating home health agency located in Los Angeles County. This agency is a perfect fit for anyone looking to scale their current operation or those looking at entering the home health market. *

LEASE: The current lease is approximately $2,025 per month for an 1,100 square foot office located on the second floor of a professional office building.  The lease is renewed on an annual basis with a total of five (5) one-year lease renewal options.  There is plenty of free parking, which would be perfect for the agency staff and agency visitors. *

The agency received its initial California Department of Public Health (CDPH) license in November of 2006. This 18-year-old skilled home health agency is a living and thriving business entity.  The business is currently accredited with the Joint Commission (TJC) with the agency having recently successfully passed its tri-annual certification survey in April of 2023, which means that the next survey will be on around April of 2026.  This allots quite a bit of time for the incoming owner to acquaint themselves with the agency.  With regards to the name, this business is unique in that the name has been branded as part of the goodwill for the agency that will allow the buyer to have instant recognition by the current referral sources in the community. *

The agency comes to the market with no billing issues which will allow for an easy transition for the buyer to continue in a seamless manner. There should not be a 3-year rule impeding the sale of this business. *

BOOK OF BUSINESS.  The seller has been in the home health world most of her life and she understands that it is not easy to create referral sources which trust you or your agency.  As part of the transition process, she will be making introductions to her book of business. *

CENSUS.  At the time of this writing, the agency had +/- 60 patients, which if available, will come with the sale. *

FFE/INVENTORY.  The agency is currently operating with all the FFE and inventory that would be needed to run a home health agency. The seller will be including all FFE and inventory as a part of the sale. *

TRANSITION.  The seller does see herself as working with the buyer for an agreed period. The seller will make an earnest effort to keep her staff as intact as possible to create a smooth transition.  The staff do not know about the sale.*

MOTIVATION.  The seller has opted to place the business for sale for personal reasons that include relocating to another state. *

VALUATION.  This business is being priced based on the discretionary earnings as stated on the Income Statement normalization with intangible assets such as a patient census being included in the sale. *

This business is NOT a franchise. *

SELLER PREFERS: (1) Buyer to have healthcare experience in operating a home health (2) Buyer to have the funds available to proceed with a transaction (proof of funds), and (3) Buyer to have at a minimum a 3-month operational budget in reserve.

SELLER RECOMMENDS: (1) Buyer to have the ability to generate patient referrals, (2) Buyer to have the required professional team member to operate a home health, (3) a professional team member to assist with the due diligence request/interpretation.  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, (2) provide Proof of Funds (redacted), (3) provide a Buyer Profile with a Buyer Representation for this one business and (4) understand that no direct communication with the Seller or the clinical or administrative staff is expected as a part of the pre-due diligence phase of the sale.

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.

*Buyer to verify during due diligence

To get more information about this Home Health Agency - Operating Legacy, 18 Years business for sale in Los Angeles County 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 #285779 on BizBen.com. In addition to phoning Ralph Santos, make sure you email Ralph Santos above to get more info about this Home Health Agency - Operating Legacy, 18 Years, 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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Contact

  1. Name: Ralph Santos
  2. phone iconPhone: 818-731-7173
  3. phone iconPhone: 888-736-2911

Details

  1. Asking Price: $1,400,000.00

  2. Down: $1,400,000.00

  3. Cash Flow: $535,000.00

  4. Revenue:    $2,300,000.00

  1. Area: Los Angeles County

  2. City: None Given

  1. Attributes:

    Training & SupportRelocatableLicense (Liquor, etc.)

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Related Links & Information Regarding This Posting

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