Listing ID: 76814
Business Overview
Nestled in a very desirable area adjacent to West Hollywood and Beverly Hills, surrounded by beautiful homes of well-established upscale neighborhood of Beverly Center area, Pacific Business Brokers are proud to present the Elderly Assisted Living Facility dedicated to providing a comfortable, caring, and supervised living arrangement in a family home setting. Over the years, this facility has gained a sterling reputation in the Los Angeles senior care community for their quality care, impeccable service, and outstanding record of compliance. Facility was built from ground up in 2007. Near Cedars-Sinai Hospital and medical offices. There is a continuous 24/7 quality care for 12 ambulatory and non-ambulatory residents. The long-term staff is well trained. Fenced, and gated, almost 3600 sf, 1 level building with ramps at all exits, 10 private bedrooms with 10 en-suite bathrooms, 1 public bathroom, kitchen and kitchenette, and 2 common areas. All clients are private pay. Monthly rate is between $6,500-$7,000 with upside potential. According to the Seller, annual revenue from the facility’s operation is around $800,000 and annual net income is around $220,000. Seller will train potential buyers and gladly introduce to clients’ referral sources. 100% occupied most of the times. Potential buyers are required to have clean criminal record and provide proof of funds. Please note that the building is for long term lease, only existing operation is for sale. Don’t miss this excellent opportunity!
Call Alex Levitan- Pacific Business Broker (818)640-8080, and request the 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. Please note that picture of the RCFE was taking from the other facility due to the issue of confidentiality!
Financial
- Asking Price: $495,000
- Cash Flow: $220,000
- Gross Revenue: $800,000
- EBITDA: $220,000
- FF&E: $35,000
- Inventory: N/A
- Inventory Included: N/A
- Established: 2007
Detailed Information
- Property Owned or Leased:N/A
- Property Included:N/A
- Building Square Footage:3,600
- Lot Size:N/A
- Total Number of Employees:10
- Furniture, Fixtures and Equipment:N/A
Seller will train, Although Experienced Operator is a Huge Plus!
Retiring
Additional Info
The venture was established in 2007, making the business 15 years old.
The company has 10 employees and is situated in a building with approx. square footage of 3,600 sq ft.
The building is leased by the business for $15,000 per Month
Why is the Current Owner Selling The Business?
There are all sorts of reasons individuals decide to sell operating businesses. Nonetheless, the true factor and the one they say to you may be 2 absolutely different things. For instance, they may claim "I have a lot of various responsibilities" or "I am retiring". For lots of sellers, these reasons are valid. However, for some, these may simply be justifications to attempt to hide the reality of changing demographics, increased competitors, current decrease in revenues, or a range of other factors. This is why it is really vital that you not rely entirely on a seller's word, yet rather, make use of the vendor's solution in conjunction with your general due diligence. This will repaint an extra reasonable image of the business's present scenario.
Existing Debts and Future Obligations
If the current business is in debt, which lots of companies are, then you will certainly have reason to consider this when valuating/preparing your offer. Lots of operating businesses finance loans so as to cover items like stock, payroll, accounts payable, etc. Remember that sometimes this can mean that earnings margins are too thin. Numerous companies fall under a revolving door of taking loans as a way to pay back other loans. In addition to debts, there may also be future commitments to take into consideration. There may be an outstanding lease on equipment or the building where the business resides. The business might have existing contracts with suppliers that should be fulfilled or might cause penalties if terminated early.
Understanding the Customer Base, Competition and Area Demographics
How do operating businesses in the location attract new customers? Many times, operating businesses have repeat consumers, which develop the core of their daily profits. Specific aspects such as brand-new competition growing up around the location, road construction, and also personnel turnover can affect repeat clients and also negatively impact future earnings. One important thing to think about is the location of the business. Is it in a highly trafficked shopping center, or is it hidden from the highway? Certainly, the more individuals that see the business often, the better the chance to build a returning consumer base. A final idea is the general location demographics. Is the business placed in a densely populated city, or is it located on the outskirts of town? Just how might the regional mean home earnings effect future earnings prospects?
