California Economic Forecast:
- Modest economic growth: Economic expansion continues but at a slower pace. Recession risks are low, though inflation and labor market challenges remain significant.
- Inflation impact: Prices for goods and services are still 21% higher than in early 2021, affecting consumer spending and confidence, particularly in major urban areas.
- Labor market issues: Labor force recovery has been slow, with industries like healthcare, construction, and hospitality facing worker shortages. This has led to wage increases and ongoing difficulties in filling positions.
- Office market struggles: Remote and hybrid work models have caused office vacancy rates to rise, especially in downtown areas, leading to drops in office building values. A full return to the office is slow, and downsizing is common.
- Ongoing concerns: Rising unemployment, low housing affordability, political uncertainty, and immigration issues are contributing to consumer pessimism, impacting overall economic sentiment.
- GDP outlook: Economic growth remains positive, with a projected 2.5% increase in the current quarter. However, inflation continues to pose a challenge, and full labor market normalization is not expected until 2025.
- Risks and opportunities: While the risk of recession is low, rising unemployment and global geopolitical tensions could create challenges. However, controlling inflation and stabilizing labor markets could lead to a more positive economic outlook.
1. Clinical Laboratory - Established Over 30 Years:
This clinical diagnostic laboratory has been serving Southern and Central California and Nevada for over three decades, offering comprehensive testing services. The business employs over 200 professionals and serves smaller labs and clinics, with a diverse insurance portfolio. It has demonstrated 20% annual growth and continues to operate across multiple locations.
Key Information:
- Location: Los Angeles, California
- Asking Price: $40,000,000
- Gross Revenue: $54,000,000
- Cash Flow: $10,000,000
- FF&E: $750,000 (included)
- Total Rent: $100,000/month
Business Highlights:
- Established Business: Over 30 years of successful operations in clinical diagnostics.
- Wide Service Range: Employs a diverse team of specialists offering various testing services.
- Insurance Portfolio: Contracts with major providers, including Blue Cross, Aetna, and United Healthcare.
- Strong Growth: Consistent 20% year-over-year growth.
- Revenue Streams: Diverse income from HMO, PPO, Medicare, and private insurance, with only 20% from COVID-19 testing.
Facilities:
The headquarters spans 15,000 sq ft with multiple locations and collection points.
Support & Training:
Comprehensive training and support are available to ensure a smooth transition.
This is an excellent opportunity for investors or healthcare professionals looking to expand their portfolios with a profitable and growing clinical laboratory.
2. Medically Assisted Residential Recovery Center - High Demand:
This high-demand residential recovery center in Los Angeles offers a medically assisted treatment for addiction, operating as a semi-absentee business. The facility currently has 12 beds, with plans to expand to 18 beds soon. It is a licensed facility with experienced staff and management.
Key Information:
- Location: Los Angeles, California
- Asking Price: $9,500,000
- Revenue: $7,200,000
- Profit: $2,900,000
Business Highlights:
- 12-bed residential recovery center, soon expanding to 18 beds.
- 95% of patients covered by out-of-network medical insurance.
- CA State Department of Health Licensed, JCAHO Certified, IMS Accredited.
- No license required for ownership.
Business Operation:
- Employees: 25
- Expansion Potential: Room to grow by expanding patient capacity.
- Reason for Selling: The seller is looking for all cash or loan-to-cash deal.
Other Information:
- Support & Training: Full training and operational support provided to ensure a smooth transition.
- Relocatable: No
This represents a significant opportunity to acquire a highly profitable business in a recession-proof industry with substantial growth potential.
3. Medical Device Company - With FDA Clearance:
This medical device company, located in Los Angeles, specializes in a patented biopsy closure system. The Kronos device has received FDA Clearance and the CE Mark under EU MDR, currently marketed worldwide. It enhances patient safety, reduces procedure costs, and improves outcomes by sealing biopsy channels. The owner seeks a strategic partner to commercialize the product. This opportunity includes significant IP, momentum, and growth potential.
Key Information:
- Location: Los Angeles, CA
- Asking Price: $25,000,000
- Revenue: $11,079,000
- Cash Flow: $2,673,000
Business Highlights:
- FDA and CE Mark-approved device with worldwide distribution.
- Innovation in biopsy procedures by sealing channels to reduce hemorrhaging and improve safety.
- Reduces the need for additional medications and post-procedure observation, potentially lowering costs.
Facilities:
Relocatable worldwide.
Support & Training:
The owner will provide necessary support and training.
This is an exceptional opportunity to acquire an innovative medical device company with an established product and significant growth potential.
4. Residential Substance Abuse Home:
This one-year-old residential rehab facility focuses on substance abuse recovery, offering 4 licensed beds, with 2 more beds available. The company relies heavily on word-of-mouth and professional referrals, ensuring a steady client flow. They conduct workshops and educational sessions to promote addiction recovery. Licenses include DHCS, CLIA, and JCAHO. Currently, it is not in-network for insurance.
Key Information:
- Location: Los Angeles, CA
- Asking Price: $3,500,000
- Gross Revenue: $3,000,000
- Profit: $2,000,000
- Employees: 13
- Year Established: 2023
Business Highlights:
- Licensed for 4 beds, with 2 more pending.
- Strong referral relationships with healthcare professionals.
- High net income from the past seven months, generating over $1 million in profits.
Facilities:
- No real estate included, but leasing options are available.
Growth & Expansion Potential:
- Potential to add beds and expand services.
Support & Training:
- Seller financing may be available to a well-qualified buyer.
This is a prime opportunity for experienced individuals in the healthcare industry looking to acquire a profitable rehab facility in Los Angeles.
5. Medical Practice - High Net, Great Reputation:
This well-established medical practice in Los Angeles has been serving the community for over 30 years. Located in a prominent medical building, it features 3 exam rooms, 2 consultation rooms, an EKG room, and a procedure room. The practice is primarily focused on Medicare and PPO patients, with 600 HMO patients. The practice has a stellar reputation, being voted the top family physician in the Los Angeles area seven times.
Key Information:
- Location: Los Angeles, California
- Asking Price: $1,200,000
- Sales Revenue: $790,000
- Cash Flow: $514,000
- Employees: 2 full-time
Business Highlights:
- Established over 30 years with an excellent reputation.
- Fully paperless with Athena Health electronic records.
- Grosses $800K and nets $500K annually.
- Growth potential by adding an additional physician or nurse practitioner.
- Seller willing to train and stay as a part-time partner.
Property Information:
- Lease: $5,000/month with option for renewal in June 2024.
- Size: Medical office with exam rooms, consultation rooms, and procedure areas.
Business Operation:
- Reason for Selling: Owner looking to reduce involvement, willing to mentor the new owner.
Other Information:
- Support & Training: Full training provided; seller willing to stay on as a part-time partner.
This is an outstanding opportunity to take over a well-established, highly regarded medical practice with substantial earnings and growth potential.
6. Non-Emergency Medical Transportation:
This absentee-operated non-emergency medical transportation business in West Los Angeles features 14 fully-equipped vans (2016 models or newer) and generates consistent revenue. The business is known for its clean financial records and includes a Medi-Cal provider license. The fleet is valued at $300,000, which is included in the asking price.
Key Information:
- Location: Los Angeles, California
- Asking Price: $985,000
- Sales Revenue: $1,700,000
- Cash Flow: $300,000
- Employees: 28
- Facilities: 1,200 sq. ft. leased space at $950/month
Business Highlights:
- Absentee-operated: The business is fully managed, allowing an investor to run it passively.
- Modern Fleet: Includes 14 vans with live cameras, GPS, and real-time notification systems.
- Medi-Cal Provider: The business has a clean Medi-Cal license in place, ensuring continued access to lucrative contracts.
- Solid Financials: Clean books and records make it easy to evaluate the business’s financial health.
Growth & Expansion Potential:
This business offers expansion opportunities, especially by increasing routes or diversifying service areas beyond West Los Angeles.
Support & Training:
The seller will provide 8 weeks of comprehensive training to ensure a smooth transition for the buyer.
This is an excellent opportunity to acquire a profitable, absentee-run transportation business with a solid client base and room for growth.
7. Established Non-Emergency Medical Transportation:
This profitable non-emergency medical transportation business has been operating for over 8 years in Los Angeles’ San Fernando Valley. It includes a fleet of 7 vehicles, capable of transporting wheelchair, gurney, and ambulatory patients. The sale includes a medical provider license and clean books and records, ensuring a smooth transition for new ownership.
Key Information:
- Location: Los Angeles, California
- Asking Price: $649,000
- Sales Revenue: $859,922
- Cash Flow: $239,000
- Furniture/Fixtures Value: $150,000 (included)
Business Highlights:
- Net Profit: $19,000 per month
- Fleet: 7 vehicles (5 Ford Transits and 2 E250 vans)
- Medical Provider License: Included
- Established: Over 8 years
- Relocatable: Yes
- Operating Hours: Monday-Saturday, 6 am-6 pm
Support & Training:
The seller offers 4 weeks of training at 25 hours per week to ensure a smooth handover to the new owner.
This is an excellent opportunity for anyone looking to invest in a stable, profitable, and in-demand medical transportation business.
Conclusion
These businesses offer an exceptional array of opportunities across multiple industries, each with its unique value propositions, strong track records, and impressive financial performance. Whether you're interested in healthcare, skincare, addiction recovery, or diagnostics, these businesses all boast established reputations, consistent revenue streams, and significant growth potential. Many come with built-in infrastructure, licensed staff, and full training support to ensure a seamless transition for new owners. With options for expansion, relocation, or strategic growth, each business is poised to thrive under new ownership.
For investors or industry professionals, these opportunities are ideal for scaling existing operations or entering new markets. Whether it’s the lucrative field of medical practices or the ever-growing demand for addiction recovery services, these businesses offer turnkey solutions with high profitability and future growth potential. The flexible seller terms, including financing options, add further appeal, making these businesses not only lucrative but also accessible to well-qualified buyers looking to make a strategic investment.
>> Learn more about how to achieve your business purchase goals <<
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