Aged Care Facility Waikato Dhb (thames Coromandel) For Sale

BusinessSale ID# 132628
Office Ref#
Location:   North Island
Category:  Accommodation and Motels

Financials

Asking Price: $1,950,000

Business for Sale Summary

This Aged Care Facility is located in a vibrant rural tourist township providing rest home and hospital level care with no competition within a 30km radius. This well respected owner has built this business over the past 28 years and sold the business to her daughter in 2009. The complex is managed as at 2016 with high occupancy levels for the rest home and hospital wing. The vendor has advised that the majority of residents are long term residents with a couple of beds made available for community needs.

The original structure comprises a well constructed villa circ 1900 with three subsequent additions in 1988, 1994 and 2005. Also situated on the site is a detached laundry/garage with rented accommodation unit. The grounds are landscaped incorporating gardens with extensive car parking to the front and rear. Being an established complex it would be difficult for any competition to obtain the necessary permit and establish a going concern operation.

For the year ending 31st March 2018 the business reported an EBITDAR of $279,594 with the complex leased at $120,000 p.a. (ex GST) plus normal outgoings and occupancy running greater than 90%.

To improve financial performance an opportunity exists for an experienced operator to add more beds or service apartments as this facility is located on two sections with a total land area of approx 4,682sqm (more or less). This facility is being sold as a Freehold Going Concern and would suit an owner operator due to its location OR would fit into any aged care portfolio.

Asking Price: Buyer enquiry $1.95M (Plus GST if any).

If you would like to find out more about its location and more, please visit www.barkerbusiness.co.nz/BBS1912 to register your details and submit the online Confidentiality Agreement. When Frank receives your registration of interest he will be in touch.

Source: Information supplied by the Business Owner or the Owners Agent(s).

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

Other Information

Website: www.barkerbusiness.co.nz

Contact Seller

Mention you viewed this ad on BusinessSale.co.nz

Frank Pollard
Barker Business Brokerage Limited
09 4480756
0274 999 423

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Related Categories: Accommodation and Motels for Sale
Location: Business for Sale New Zealand > North Island