Business For Sale

Reseda Area Congregate Living Facility w/Medi-Cal

Reseda, CA
Los Angeles County


Asking Price: Annual Revenue:
$500,000 Not Disclosed

Services: Senior Living & Care, Assisted Living


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RE: Reseda Area Congregate Living Facility w/Medi-Cal Broker: Vladimir Tuchinsky

Quick Facts

Asking Price: $500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2015
Employees: Not Disclosed
BBN Listing #: 15884929
Broker Reference #: WinCon

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Business Overview:

This congregate living facility is licensed by the state’s Department of Public Health for 6 residents. The residence has 2 private rooms and 2 double rooms for a total of 6 beds. The facility boasts lovely patios, a swimming pool, lavishly appointed common areas, a professional kitchen, office space and separate bedroom for the staff. The minimum reimbursement rate from Medi-Cal for residents with pulmonary problems is $12,500 per month and for private pay residents the rate ranges from $18,000 to $28,000 per month.






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Property Features and Assets:

This 3,200 square foot facility leases for $4,500 per month on a lease that expires in 2020 with one 7 year option. All of the business's furniture, fixtures and equipment will be included in the sale. The business’s Medi-Cal provider number, the state’s Department of Public Health and any additional required licenses and permits are anticipated to transfer in the sale.

Market Competition and Expansion:

It is estimated that the required Medi-Cal licensing and Department of Health licensing takes nearly 3 years to obtain, plus the time and expense associated with the build-out, creating a sizeable barrier to entry in the industry and thus limited competition. Given this facility’s coveted licensing and provider number, new operators may wish to take this opportunity in any number of directions in the congregate living realm.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

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