Government Contracts-Amazing Growth Opportunity
Five year old Independent Transitional Housing Facility for sale in Los Angeles, California. The company offers transitional housing services to the Parole and Probation Population. The company assists this population in transitioning back into society from Prison/Jail. The company provides residential housing services to its clients, does not provide any sort of care or treatment services.
Throughout its 5 years operation, the Company has developed a reputation for highly personalized service, high quality of service and excellent response in the transitional housing industry. Its excellent reputation in serving clients and with its employees, has earned this company solid relationships with its funding sources. Majority of revenues comes from subcontracts with the State and the County.
Since this is not a franchise there are no royalties paid on gross revenues throwing more profit to the bottom line. Additionally, there is no restrictive territory and thus the business opportunity is not limited to a small population pool but can be expanded to whatever level the new owners desire. The new owners can expand to multiple facilities and scale the company as the need for these services is growing. The new owners can also see increase in revenue due to potential government rates increasing in the near future. Facility has historically stayed above 90 percent occupancy.
The service market includes a number of agencies that can act as referral sources. The business has established local referral sources, and has 10 hired and trained employees on payroll. The business requires no marketing as referrals come directly from funding sources. This business requires no prior home care/medical experience to operate.
The seller is selling since the owners want to focus on other businesses they run. Owners will assist during a transitional period. The employees and 1099 workers are expected to continue working with a new owner. This is a great opportunity for a new owner to come into an established business with huge growth potential.