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For Sale: Congregate Living Health Facility - Lancaster, Los Angeles County


Current Status: Active     Posting #: 258666     Last Refreshed: 8/1/20    
Contact: Ralph Santos At 818-731-7173 Cell , 888-736-2911  -  Also Email This Contact Below
Price:  $175,000     Down:  $175,000     Adjusted Net:  Call     Revenue:  Call    
Business Address:  None Given     City:  Lancaster     Zip:  None Given    
Attributes:  Semi-Absentee Run, Training & Support, Relocatable     Cooperation With Brokers?  Yes

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For Best Results & Response, Email & Phone This Contact: Ralph Santos at 818-731-7173 Cell and 888-736-2911.

  Description About This Posting: Congregate Living Health Facility
Amazing Price for a CHLF License - $175,000.00!

This Congregate Health Living Facility (CHLF) located in the City of Lancaster (Los Angeles County) comes with a Class C License and it is ready for the right owner to begin admitting patients. Currently, the CHLF is not operational, has all of the build-outs necessary to operate such a facility, the required policies and procedures manuals, the basic FFE required for a CHLF, and a seller that is very knowledgeable in the industry that can help you understand the mechanics of a CHLF. This specific business literally only needs that you activate the required services (e.g. vendors, utilities) and that you update your facility-related supplies (e.g. linen) and thereafter begin admitting your patients.

This 6 Bed CHLF is in a 1,720 square feet single-story home. There are 4 total rooms and 2 bathrooms. The home itself was built in 1975 and it is in good condition. The facility is ADA compliant with fire sprinklers in place, generator in place, a fire door in place and much more. The lot for this facility is on a 20,188 square feet lot making it an ideal to build extra rooms to accommodate for a possible a 12 Bed CHLF! A must-see for any interested CHLF buyer!

Currently, the facility is not operational with no staff and with no patients being admitted. The motivation for the sale is that the seller has other business ventures, outside of the area, which does not allow for him to market and run the day to day operations of the CHLF.

The CLHF (the business portion of the transaction) will be sold at $175,000.00. On average, it would take you 3 years to obtain your licenses as well as an average cost of +/- $100,000.00 to rehab a home to fit the requirements of a licensed CHLF. Furthermore, the initial investment also includes 3 years of rental expense, approximately, $59,400.00. The seller has made a significant time and monetary investment on their CHLF.

The Real Estate (the land and the facility) will not be part of the sale. The monthly lease is currently at approximately $1650.00 per month on a month-to-month lease agreement. The current landlord has a good relationship with the seller of the business and we expect no significant issues with the creation of a new lease agreement.

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. All corporate and compliance information would need to verified via the buyer's due diligence.

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 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 (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 ideal buyer would know how to operate the business portion of the CLHF to include understanding the compliance issues, the day to day operational issues to include marketing, staffing, patient-related logistics.

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

Seller financing is not available.

Prior to meeting with the seller, it is imperative that all potential buyers: (1) Sign an NDA, (2) Provide Proof of Funds (redacted).

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 the broker, 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.

To get more information about this Congregate Living Health Facility business for sale in Lancaster, Los Angeles County please phone Ralph Santos (Intermediary, Agent - BRE License #:02006120) at 818-731-7173 Cell and 888-736-2911 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #258666 on BizBen.com. In addition to phoning Ralph Santos, make sure you email Ralph Santos above to get more info about this Congregate Living Health Facility, to ask any questions or request an appointment to see this business for sale. Thank you.

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