Ventura Cannabis and Wellness Corp CVHIF

Sherman Oaks Rehab in LA For Sale at 1 times sales

[paljoey]

Drug And Alcohol Rehab Center For Sale - Sherman Oaks Excellent medical related, high profit margin business in a growing high-demand, recession proof industry. The Discretionary Income of 80% of Revenues is not a typographical error. The owner works part time. An unusual and very desirable feature is the 'Safety Net' Revenue Floor that provides a buyer with additional revenue sustainability confidence. This facility and owner is licensed by the California Department of Health Care Services (DHCS) to administer Drug and Alcohol Treatment programs. It is an approved provider for Aetna, United Health Care, Value Options, Anthem Blue Cross and Cigna. It receives nearly all payments from the major medical insurers not the patients. The DHCS license to operate this business is transferrable to the buyer with a minimal investigation that mostly includes a criminal background check. The owner does not need to be an MD or medical professional. There are no educational requirements, degrees or test to obtain the DHCS license transfer. Seller will stay one month to train the buyer. From a financial and operational perspective, this business is really simple. This is a compact easy-to-manage 1,836 square feet, six bed facility. Revenues and cash flow reflect recent average of four patients or 50% of full capacity. The patients usually stay for 30 days and some stay as long as 60 days. The fee per patient is about $50,000 per month. As one might imagine, the staffing and expenses for four patients or even the maximum of six is relatively low. The staffing is about 6 full time and 5 part time workers. Total worker pay is about $19,000 per month which is most of the total expenses. The seller is the general manager and takes new patient inbound calls. The business is presently staffed to service 6 patients. The incremental cost of 6 patients versus 4 is mostly food and minor supplies. As of the publishing of this advertisement the facility is at 100% full capacity with a waiting list for two patients. Annual Discretionary Income with 6 patients is about $2,800,000. The facility real estate valued at about $625,000 is included in the sale. The valuation metrics show this business to be an excellent value. Business only (no real estate) pricing multiple: 1.45 or 70% ROI. Cash on cash return without real estate is 17 months, with real estate 22 months. Seller would like to sell because of a more lucrative opportunity. The attractive pricing reflects the seller requirement of all-cash for the business and real estate and seller's preference for a quick simple transaction without red tape. There is no seller financing. Buyer may obtain a commercial acquisition loan or mortgage for the real estate after the sale is completed to take back cash. This business and real estate opportunity is for buyers who have access to about $2.7 Million Cash. Buyers who do not have or do not wish to pay the $2.7 Million down payment or require a commercial business acquisition loan or seller note for the down payment, please do not respond to this advertisement. The listing # 203444 Drug And Alcohol Rehab Center - Sherman Oaks below is currently OFF THE MARKET due to that it is either in escrow at this time or has recently been sold. For more businesses for sale that are like this Drug And Alcohol Rehab Center in Sherman Oaks please see a sample of BizBen active listings below and links to all similar listings on BizBen.com.