Profitable Home Health Care Agency in Los Angeles!

Los Angeles, CA (Los Angeles County) (Relocatable)

Seller Financing Available
Profitable Home Health Care Agency in Los Angeles!
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Asking Price: $938,000

Cash Flow: $618,215

Gross Revenue: $1,739,312

EBITDA: N/A

FF&E: $5,000

Inventory: N/A

Rent: $2,935.25 /Month

Established: 2007

Profitable Home Health Care Agency in Los Angeles!

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Business Description

Excellent Opportunity to invest and operate Working and Profitable Home Health Care Agency - DHS license plus Medicare provider number, 10 years in the Home Health Care business, certified by Joint Commission. Medical Home Health Care is still lucrative and respectful business. Regardless of coming changes in Medicare in Washington, there will be need for professional RNs, LVNs, OTs, PTs and other medical staff for a long time. Clean books, no Z codes, no ADRs. Audited by Joint Commission in 2015, all is clear. The census is steady averages 65-75 patients at any given time. 2016 shows 1.75 Million in gross revenue and around 620K in SDE [Sellers Discretionary Earnings]. Well established referral sources with Providence St John’s, UCLA, Cedars Sinai, Providence Tarzana, Cedars Sinai, and many others. Contracts with Aetna, Blue Shield and Blue Cross, United Care, Regal and many other insurance companies bring a steady number of qualified patients. 15-20 new patients are coming every month. 90% Medicare – 10% Private Insurances. Located in West Hollywood, close to Beverly Hills and Cedars Sinai Hospital. We are looking for a medical professional who understands the Home Health Care business, has his/her own referral sources in addition to sellers well established referrals, and has a full purchase amount. Administrator/Seller will gladly stay as a consultant for an extended period of time! SERIOUS BUYERS ONLY PLEASE. NO PARTIAL PAYMENTS, NO PARTNERSHIPS

Call Alex Levitan- Pacific Business Brokers - (818)640-8080 to request an NDA.

Financial Statements, Inventory Count, and any additional information will be gladly presented to qualified buyers during due diligence. Proof of funds is required. Seller is motivated. All of the above information per Seller; please rely on your own due diligence on market conditions and this industry before making any commitment and decision making.

Detailed Information

Real Estate:
Leased
Building SF:
995
Lease Expiration:
7/10/2024
Employees:
6
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Negotiable for a right, pre-approved buyer
Support & Training:
Training will be provided
Reason for Selling:
Retiring
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(from currently available funds)
 
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Alex Levitan

Business Listed By:
Alex Levitan

Pacific Business Advisors

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Sponsoring Broker:
Fred Mercuro

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