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Lovely Aged Care Facility in the BOP for Sale

$3,750,000

This well-presented aged care facility is within close proximity to one of the fastest growing North Island provincial town centres. With highly trained rest home staff experienced in caring for elderly people and operated as a family-owned service, this facility looks to its community and values each resident's individuality and independence.

With spacious rooms offering garden views, with options for larger studio units where couples can continue living together in a comfortable caring community, this facility provides semi-secure premises offering peace of mind for the secure care of those that may wander.

From a financial perspective this aged care business maintains an EBITDA proportionate to the size of the facility, occupancy and staff. This is an exciting opportunity to purchase a well-run managed aged care operation.

Future revenue options include (1) certifying approx. 70% of existing rest home beds to Hospital (dual purpose beds); (2) increasing bed numbers; and (3) other DHB revenue streams. The owner recently invested approx. $230,000 in refurbishing key areas of the facility to accommodate younger residents.

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: $3,750,000 (Plus GST if any); or
•    Business Only: $1,052,032 (Plus GST if any).

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2472, 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 2021.

Details

Region Bay of Plenty
Price $3,750,000
Business ID BBS2472
Category Accommodation/Tourism
Land Area 3,167 m2
Floor Area 1,081 m2

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