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Age Care Business For Sale in NorthIsland

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Bay Of Plenty Aged Care Facility

Location:North Island

Category:Age Care

Asking Price:$3,600,000

3600000

  • Sales revenue : Undisclosed
  • Net profit : Undisclosed
  • Furniture/Fixtures value : Undisclosed
  • Inventory/Stock value : Undisclosed
  • Bay Of Plenty Aged Care Facility

Business description

This well-presented aged care facility is situated in an excellent location and is offering a good mix of small, medium and large bedrooms within a very desirable residential suburb in close proximity to one of the fastest growing North Island provincial town centres.

With a high demand for aged care beds within area as compared to other regions and maintaining excellent relationships with the MOH, DHB, key aged care stakeholders and recommenders, occupancy is approx. 90+% as at May 2020.

Providing proven stabilised operating income over a long period of time with limited competition within immediate area, future revenue options include (1) certifying approx. 70% of rest home beds to dual purpose (swing) beds to the existing purpose built rooms requiring fitout only; (2) the ability to increase the number of aged care beds; and (3) other DHB revenue streams. The owner has recently invested approx. $230,000 in refurbishing key areas of the facility to accommodate future revenue options.

This is an exciting opportunity to purchase a well-run managed aged care facility with excellent staff and the opportunity to grow EBITDA. The purchaser would consider selling the aged care facility as either a Freehold Going Concern Sale or as a Business Only under a long-term lease as follows, the choice is yours.

Asking Price:
• Freehold Going Concern: $3,600,000 (Plus GST if any); or
• Business Only: $789,607 (Plus GST if any)

If you are interested and would like more information about this business, visit [Web Link Censored], register your details and submit the online Confidentiality Agreement. Once Frank receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.
Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2020.

Property Code: 1298

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