Ad ID: 64010
Aged Care Facility Business for Sale Thames Coromandel
Aged Care Facility Waikato DHB (Thames Coromandel)
Business for Sale Description
Aged Care Facility Business for Sale Thames CoromandelThis Aged Care Facility is located in a vibrant rural tourist township providing rest home and hospital level care with no other competition nearby. The well respected owner has built this business over the past 28 years and sold the business to her daughter in 2009. The complex is currently well managed with high occupancy levels in for the fiscal 2016 period for the rest home and hospital wing being more or less fully utilised. The vendor has advised that the majority of her residents are long term with a couple of beds made available for community needs.
The original structure comprises a well constructed villa circa 1900 with three subsequent additions being in 1988, 1994 and 2005. Also situated on the site is a detached laundry/garage with rented accommodation. 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.
The Business EBITDA reported for the year ending 31st March 2016 is $277,763, occupancy running greater than 90%, and the complex being leased at $120,000 PA (ex GST) plus normal outgoings.
To improve EBIT performance, an opportunity exists for an experienced operator to add more beds or service apartments as the facility is located on two sections with a total land area of approx 4682sqm (more or less). This facility would suit either an owner operator due to its location (lifestyle) and would fit into any aged care portfolio as a suitable managed asset.
Asking Price: Buyer enquiry $1.95M (Plus GST if any).
To maintain confidentiality, we have listed this business under our office address in Albany Auckland. If you would like to find out more about its location and more, please visit www.barkerbusiness.co.nz to register your details and submit the online Confidentiality Agreement for listing #1912. When Frank receives your registration of interest he will be in touch.
Licensed REAA 2008. Copyright 2016.
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