Adult Care Facility - Prime Virgil Village / Koreatown 12 bed 13 Bath
Business Description
Established 12-bed assisted living facility in prime Virgil Village/Koreatown location generating $720,000 annual revenue. This exceptional care facility has operated continuously since 2008, serving an established client base through relationship-driven business development.
Property Features:
- Yelp reviews and 18 yrs in business
- 12 bedrooms, 13 bathrooms across 4,416 square feet
- 9 gated parking spaces
- Corner location on 3rd Street and Virgil
- Hotel permit providing operational flexibility
- Recent renovations including central air, solar panels, updated electrical
Business Highlights:
- Cash-flowing operation with existing client relationships
- Established referral network with local hospitals and private doctors
- Specialty niche industry with strong demand
- Minimal formal marketing currently in place
- Prime location in one of LA's most sought-after neighborhoods
Growth Potential:
- Projected 15% year-over-year growth opportunity through enhanced marketing and sales strategy
- Significant upside potential given current minimal marketing efforts
- Multiple repositioning options due to hotel permit and property configuration
- Strong long-term value in high-demand Koreatown market
Financial Overview:
- Annual Revenue: $720,000
- FF&E Value: $15,000
- Inventory Value: $15,000
- Real Estate Value: $2,600,000
- Building Size: 4,416 square feet
The owner is retiring after building this successful operation and offers 30 days of training. Existing nursing and caretaking staff can remain with the business to ensure seamless transition. This turnkey opportunity combines immediate cash flow with substantial growth potential in a demanding specialty healthcare niche.
1031 exchange buyers welcome. Property may be delivered vacant for alternative uses.
Property Features:
- Yelp reviews and 18 yrs in business
- 12 bedrooms, 13 bathrooms across 4,416 square feet
- 9 gated parking spaces
- Corner location on 3rd Street and Virgil
- Hotel permit providing operational flexibility
- Recent renovations including central air, solar panels, updated electrical
Business Highlights:
- Cash-flowing operation with existing client relationships
- Established referral network with local hospitals and private doctors
- Specialty niche industry with strong demand
- Minimal formal marketing currently in place
- Prime location in one of LA's most sought-after neighborhoods
Growth Potential:
- Projected 15% year-over-year growth opportunity through enhanced marketing and sales strategy
- Significant upside potential given current minimal marketing efforts
- Multiple repositioning options due to hotel permit and property configuration
- Strong long-term value in high-demand Koreatown market
Financial Overview:
- Annual Revenue: $720,000
- FF&E Value: $15,000
- Inventory Value: $15,000
- Real Estate Value: $2,600,000
- Building Size: 4,416 square feet
The owner is retiring after building this successful operation and offers 30 days of training. Existing nursing and caretaking staff can remain with the business to ensure seamless transition. This turnkey opportunity combines immediate cash flow with substantial growth potential in a demanding specialty healthcare niche.
1031 exchange buyers welcome. Property may be delivered vacant for alternative uses.
About the Business
- Years in Operation
- 18
- Employees
- 10 Full-time
nurse, cook, cleaner - Facilities & Assets
- beds, kitchen, furniture
- Market Outlook / Competition
- demanding specialty niche industry with local hospitals and private doctors
- Opportunities for Growth
- LA ?? ????? With a progressive marketing and sales strategy, the business could achieve approximately 15% year-over-year growth. At present, there is little to no formal marketing in place, and business is generated primarily through relationship
Real Estate
- Owned or Leased
- Owned
- Not included in asking price
- Building Sq. Ft.
- 4,416
About the Sale
- Seller Motivation
- retiring
- Transition Support
- 30 day of training and Nurses and care take cares can stay with the business.
Listing Info
- ID
- 2496310
- Listing Views
- 20
Business Location
Listing ID: 2496310 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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