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For Sale: Hospice - 36 Month, Accredited, Broad Service Area - San Bernardino County, California

$298,000.00

Asking Price

San Bernardino County Hospice - 36 Month, Accredited, Broad Service Area Business For Sale

Description

Accredited Hospice Agency – Great Opportunity – San Bernardino County

Price: $298,000

This accredited hospice agency, structured as a California LLC, presents an excellent opportunity for an experienced operator looking to enter or expand within the Southern California hospice market. With accreditation renewed as of October 16, 2023, and state licensing valid until April 30, 2025, this agency is ready for immediate operation. The service area includes Los Angeles, Riverside, San Bernardino, and Orange Counties, providing broad geographic coverage to generate referrals and expand census. The agency also is NOT under the 36-month change of ownership restriction, making this a great opportunity to enter the marketplace as an operator. *

The office space is 1,000 sq. ft., leased at approximately $1,950 per month under an annual lease agreement that runs through February 28, 2025. The business is relocatable, offering buyers flexibility to move operations if desired. The current census is zero, allowing for a clean slate for growth and expansion without the complications of existing patient liabilities. *

The agency operates on the HOSPICE MD EMR system, which ensures efficient operations, documentation, and compliance tracking. Taxes are current, and no ADRs, CAP issues, or pending liabilities exist, offering peace of mind to any potential buyer. While no staff or key employees will remain post-closing, the seller will provide limited support and training during the transition period to help the buyer familiarize themselves with operations and the EMR system. **

SELLER FINANCING.  The seller understands the difficulties that an incoming buyer may have with regards to capital, therefore this sale will include seller financing. The seller financing will be structured as follows: 50% of the agreed purchase price to be paid to the seller at closing with the buyer to commence their six (6) monthly payments beginning 30 calendar days after the closing. The seller will require an interest rate based on the SBA 7(a) fixed rates which at the point of this writing are between 9.75% and 12.75%.  The seller is not entertaining SBA 7(a) loans and prefers an all-cash offer. All reasonable offers will be considered.

CONTRACTS.  This agency has, as a part of its overall “good-will” acquired insurance contracts with both Blue Shield and the Veterans Administration (VA).  The agency is able to work with and bill for Medicare and Medi-Cal insured patients.

FFE. The seller will be including in the price of the sale the existing FFE to include a large conference table with chairs, a hospital bed, two (2) filing cabinets, five (5) office desks, three (3) office chairs, a refrigerator and installed security cameras.  There will be certain FFE that will be excluded from the sale which will include a printer. Specific excluded FFE will be discussed during a face-to-face meeting in the office. *

INVENTORY. The seller will be including in the price of the sale the existing inventory which includes diapers, chucks, and gloves. *

NON FICTITOUS BUSINESS NAME.  This agency has a great DBA in place, which would be excellent for marketing purposes, and which will be a part of the sale. *

MARKETING MATERIALS. The agency also has created several agency specific marketing materials that include agency folders, brochures and pens to name a few.  *

SELLER PREFERENCES: (1) Possess healthcare experience, particularly in operating a hospice or similar agency, (2) provide verifiable proof of funds for the transaction, and (3) have access to patient referral sources and a network of licensed healthcare professionals.

SELLER RECOMMENDATIONS: (1) Buyer should possess the capability to generate patient referrals, (2) Buyer should have access to the necessary professional team members, (3) It is advised that the buyer engage a professional team (e.g., Medicare Consultant, Accountant, Attorney) to assist with due diligence and review processes.

BUYER REQUIREMENTS: (1) All prospective buyers must sign a Non-Disclosure Agreement (NDA) and (2) Proof of Funds is required from all potential buyers.

DUE DILIGENCE: Any in-depth due diligence beyond the Confidential Information Memorandum (CIM) will require the Buyer to submit either a Letter of Intent (LOI) or a Purchase Agreement.

DISCLAIMER: The seller is solely responsible for the accuracy of any information provided. Healthcare Biz Brokers, its agents, representatives, or subsidiaries, make no representations or warranties regarding the accuracy, completeness, or validity of the information shared. Buyers are strongly encouraged to seek advice from their professional advisors (e.g., accountant, attorney, Medicare consultants) and to conduct their own due diligence for verification purposes.

* Buyer to verify due diligence.
** A Third-Party CAP Analysis is recommended as part of the Buyer's Due Diligence.

To get more information about this Hospice - 36 Month, Accredited, Broad Service Area business for sale in San Bernardino 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 #289925 on BizBen.com. In addition to phoning Ralph Santos, make sure you email Ralph Santos above to get more info about this Hospice - 36 Month, Accredited, Broad Service Area, 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: $298,000.00

  2. Down: $298,000.00

  3. Cash Flow: Call/Email

  4. Revenue:    Call/Email

  1. Area: San Bernardino County

  2. City: None Given

  1. Attributes:

    Training & SupportRelocatableLicense (Liquor, etc.)

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