Ad ID: 57491

Rest Home Business for Sale Masterton

Rest Home Aged Care Facility Masterton

Business Description

Rest Home Business for Sale Masterton

A traditional NZ Rest Home boasting an early 1920’s villa, this facility is well maintained and within walking distance of the Masterton town centre, presenting a very attractive proposition for an entry level buyer owner/operator.

The retiring owner is the Manager (also a registered nurse) of this rest home and is supported by a part-time registered Nurse and long serving staff. With good trading revenue and occupancy, this facility demonstrates consistent net cash profit before depreciation, cost of finance and owners remuneration.

With an aging population and demand for aged care services forecast by the NZACA to increase, the vendor has investigated feasible options to increase bed numbers. With no room to expand on the ground level, the vendor advised that going up would be an option, subject to council approval OR a change of the service level from Rest Home level care to Hospital level care with swing beds to provide greater profitability.

The vendor is retiring and has priced the facility to sell, noting that vendor finance is off the table.

Asking price: Buyer enquiry over $995,000 (Plus GST if any)

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz, register your details and submit the online Confidentiality Agreement for reference #2021. Once Frank receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.

Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2016.

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