Congregate Living Health Facility in L.A. County

Not Disclosed, CA
Los Angeles County


Asking Price: Annual Revenue:
$1,350,000 $955,800

Services: Senior Living & Care, Assisted Living


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RE: Congregate Living Health Facility in L.A. County Broker: Mark Richard
Owner Financing is Available!
There is a $1,300,000 loan which may be assumed by a qualified buyer.

Quick Facts

Asking Price: $1,350,000
Annual Revenue: $955,800
Net Profit: Not Disclosed
Cash Flow: $371,714
Total Debt: Not Disclosed
FF&E: $200,000
Real Estate: Not Disclosed
Year Established: 2014
Employees: 7
BBN Listing #: 692145247
Broker Reference #: KBB427

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Business Overview:

* High Demand Service for Increasing Older Population

* Scalable Business Model

* Real Estate Included

Converted by the Seller from a residential home on a picturesque block in Los Angeles to serve as a Congregate Living Health Facility (CLHF). The house has 6 bedrooms on a single story, and there is a ramp for wheelchair access to the house. One bedroom currently serves as the nurse’s office, so there are five bedrooms for patients, each with a private handicapped access bathroom. There is a spacious living room with HD TV and a fireplace. There is a full kitchen included in the 2,533 square feet of living space. The house was originally built in 1925, and it was extensively remodeled by the Sellers between 2012 and 2014 to serve as a CLHF. There is a shaded patio area in the back with room for light exercise.

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Property Features and Assets:

Converted by the Seller from a residential home on a picturesque block in Los Angeles to serve as a Congregate Living Health Facility (CLHF). The house has 6 bedrooms on a single story, and there is a ramp for wheelchair access to the house. One bedroom currently serves as the nurse’s office, so there are five bedrooms for patients, each with a private handicapped access bathroom. There is a spacious living room with HD TV and a fireplace. There is a full kitchen included in the 2,533 square feet of living space. The house was originally built in 1925, and it was extensively remodeled by the Sellers between 2012 and 2014 to serve as a CLHF. There is a shaded patio area in the back with room for light exercise.

Market Competition and Expansion:

The seller developed this property from scratch and can pass on the expertise for a new owner to expand by acquisition of appropriate properties and converting to the CLHF model.

Reason for Selling:

Partnership Dispute

Additional Details:

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

Documents:

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