Ad ID: 37699 Inactive

Beautiful 21 Bed Rest Home - FHGC Business for Sale Masterton

Beautiful 21 Bed Rest Home - FHGC

Price plus GST (if any)

Business for Sale Description

Beautiful 21 Bed Rest Home - FHGC Business for Sale Masterton

This tastefully decorated and extremely well maintained 1920's villa sits on 1843sqm of delightfully landscaped grounds.

The home can accommodate up to 21 residents. It is a beautiful facility that has an excellent reputation with the health authorities and the wider community. This is reflected in the high occupancy rate and the warm, friendly, professional care that is provided.

It is currently run and managed by the Vendor. It holds contracts with the Wairarapa DHB for Age Related Residential Car and Respite Services.

The business lends itself to being run by an owner operator although could be run by a manager with some restructuring.

The strengths of the business are:
• Proven Occupancy
• Proven profitability
• Good Reputation
• Stable staff
• Ability for Premium room charges for rooms with showers; WC en-suited rooms

Opportunities for further revenue :
• Aging population and anticipated shortage of care beds over medium term
• Improved occupation levels above those as budgeted
• Possibly convert the building or part of into a “Five star boutique style" rest home where the residents pay for the luxuries they want.

Business: $195,000
Freehold Property: $800,000 plus GST (if any)

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