No 36 month Hospice in San Bernardino County

Accredited Hospice Agency – Great Opportunity – San Bernardino County
Price: $400,000

This accredited hospice agency, structured as a California LLC, offers a prime opportunity for experienced operators to enter or expand within the Southern California hospice market. Accreditation was renewed on October 16, 2023, and state licensing is valid through April 30, 2025, allowing for immediate operation. The service area includes Los Angeles, Riverside, San Bernardino, and Orange Counties, providing broad geographic coverage for generating referrals and growing census. Notably, the agency is NOT under the 36-month change of ownership restriction, allowing new operators seamless entry into the market.

The 1,000 sq. ft. office space is leased for $1,950 per month under an annual lease agreement that runs until February 28, 2025. The business is relocatable, giving buyers the flexibility to move operations if desired. With a current census of zero, this agency provides a clean slate for growth and expansion without any existing patient liabilities.

The agency operates using the HOSPICE MD EMR system, which ensures efficient documentation, compliance tracking, and operational management. Taxes are current, and no ADRs, CAP issues, or pending liabilities exist, offering peace of mind to prospective buyers. While no staff or key employees will remain post-closing, the seller will provide limited support and training during the transition period to familiarize the buyer with operations and the EMR system.

SELLER FINANCING
To support incoming buyers, the seller offers financing, structured with 50% of the purchase price paid at closing and six monthly payments starting 30 days after the closing. The interest rate will align with SBA 7(a) fixed rates (currently 9.75%-12.75%). The seller prefers an all-cash offer but is open to reasonable proposals. SBA 7(a) loans will not be entertained.

CONTRACTS
The agency holds insurance contracts with Blue Shield and the Veterans Administration (VA) and is equipped to bill for Medicare and Medi-Cal patients, enhancing its marketability and revenue potential.

FFE & INVENTORY
Included in the sale are a large conference table with chairs, a hospital bed, two filing cabinets, five office desks, three office chairs, a refrigerator, and installed security cameras. Excluded items, such as a printer, will be specified during an in-office meeting. The existing inventory, including diapers, chucks, and gloves, will also be part of the sale.

DBA & MARKETING MATERIALS
The agency’s DBA, ideal for marketing purposes, is included in the sale. Additionally, agency-specific marketing materials such as folders, brochures, and pens are included to support branding efforts.

SELLER PREFERENCES & RECOMMENDATIONS
Preferences: Buyers should have healthcare experience, provide proof of funds, and possess access to patient referral sources and licensed healthcare professionals.

Recommendations: Buyers are encouraged to have the capability to generate patient referrals, access to professional team members, and engage experts such as a Medicare Consultant, Accountant, and Attorney for due diligence.

BUYER REQUIREMENTS
All prospective buyers must sign a Non-Disclosure Agreement (NDA) and provide Proof of Funds. Any additional due diligence beyond the Confidential Information Memorandum (CIM) will require submission of a Letter of Intent (LOI) or Purchase Agreement.

DISCLAIMER
The seller is solely responsible for the accuracy of the information provided. Healthcare Biz Brokers, its agents, or subsidiaries make no guarantees regarding the accuracy or completeness of the details. Buyers are strongly encouraged to seek advice from professional advisors (e.g., accountant, attorney, Medicare consultants) and to conduct their own due diligence to verify information.

Buyer to verify due diligence.
A Third-Party CAP Analysis is recommended.