For Sale: Home Health Agency - Established, Branded - Signal Hill Area, LA County

Description About This Posting: Home Health Agency - Established, Branded

We have a unique opportunity to acquire an established branded skilled home health agency near the City of Signal Hill (Los Angeles County). This accredited home health agency has an 18-year proven track record. The agency is currently accredited under CDPH with its last accreditation being passed July 16, 2020; next survey will be February 2021. This agency will apply under the 36-month rule guidelines.

The agency is priced below its market value with the agency census to stay with the sale.

The business entity for sale includes fixed operating assets, inventory, and goodwill, and exclude cash, accounts receivable, pre-paid expenses, and is free and clear of all debt.

The motivation for the sale is that the owners are looking at other business interests.
There are no issues with the agencies billing, compliance or other operations.
Referral Sources: The seller has a book of doctors that she can provide introductions (at the COE).

The census at this point is at +/- 70 with the insurance composition being: 50% Medicare and 50% managed care providers to include United Healthcare and Tricare.

The agency is using Synergy as its software platform.

Gross Revenue:

2016: $1,975,946
2017: $1,182,433
2018: $1,046,086
2019: Pending
2020: Pending

The current lease is approximately $5,000.00 per month for a 2500 square foot office space. There is plenty of parking that is easily accessible to this first floor well maintained office suite. The office itself is very close to medical offices and large area hospitals.

The seller can provide the buyer with a list of qualified Medicare consultants that can help the new owner with a Change of Location (CHOL) (as applicable) and the Change of Ownership (CHOW) paperwork.

Seller Carry: The seller will be offering a seller-carry for qualified buyers. A qualified buyer will need to have a FICO Score of 740 or above, submit a loan application, and provide an equity rich real property as collateral; there will be an interest rate on the loan balance (abiding by California Usury laws); interest rate will be based on the buyer's credit worthiness. The loan application will be handled by a third party and endorsed by an escrow company. The seller-carry deposit amount will be dependent on the buyer's credit worthiness.

The seller carry is an excellent option versus a conventional loan or an SBA 7a Loan or a hard money loan. If you are interested in obtaining a seller-carry, we would ask that you let us know when you are executing your NDA/Buyer Profile.

It is imperative that ALL potential buyers: (1) Sign an NDA, (2) Provide Proof of Funds (redacted), (3) Provide a Buyer Profile and (4) understand that no direct communication with the clinical or administrative staff is expected as a part of the pre-due diligence phase of the sale.

Important: No confidential information will be released and or emailed with only an NDA in place. An LOI will also be limited into its exclusivity period and a limited LOI due diligence will be available in the seller's office for review. Once you enter into a purchase agreement/formal escrow with earnest money deposited, the seller will completely open their confidential files for a complete due diligence.

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 its brokers, 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.

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Helpful Resources To Assist In Selling And Buying California Businesses

Stephen Holzberg, Business Broker - Steve Holzberg Real Estate Business brokerage services in the LA County area. Assisting sellers of small businesses sell their business, and business buyers who want to buy a business.

Hal Janke CBI, FIBBA, Business Broker: Southern California Sunbelt of San Diego Coast and Omega Business Advisors, Hal Janke, President, Broker, has been selling businesses for 30 years. Business sales, Mergers & Acquisitions, Appraisals, Consulting, SBA financing options. Serving: San Diego County, Orange County, LA County, SF Bay Area.

Peter Siegel MBA, BizBen Founder, ProBuy, ProSell, ProIntermediary Programs Peter Siegel, MBA - Founder Of BizBen.com (since 1994), I am the Lead Advisor for the ProSell, ProBuy, & ProIntermediary Programs. I advise/coach buyers, sellers, and brokers daily about buying & selling small to mid-sized businesses throughout the Nation. I can be reached direct at 925-785-3118.

Michael Young, Business Broker, at 215consultation Business brokerage services in the Orange County area.

Jerry Diza, Business Broker: Medical Sector Specialist - California Pacific Reliance Business Brokers is a business intermediary firm specializing in the marketing and sales of medical sector businesses with annual revenues between $1M-$20M. Our listings include medical, dental and veterinary practices, urgent care centers, medical spas, pharmacies, labs, suppliers.

Angelica Michail, Business Broker, Southern California Conveniently located in Pasadena. 10 highly skilled and experienced brokers with diverse professional experience in a variety of industries, e.g. insurance, banking, mortgage, industrial, electrical, energy, beauty, electronics, restaurants, retail, engineering.

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