Ad ID: 75761 Inactive
Aged Care Facility Business for Sale Central North Island
Central North Island Aged Care Facility
Business for Sale Description
Aged Care Facility Business for Sale Central North IslandWell established in a beautiful part of the country is a modernised Freehold Going Concern (FHGC) facility, comprising a residential care facility providing rest home and hospital care.
Average occupancy for the past 48 months to March 2018 is 96.53% with an average reported EBITDA of $495,527 per annum. This facility maintains excellent profitability year on year with room for improvement.
Located on approximately 9,000+ sqm, the facility comprises a number of buildings that have been altered, extended and refurbished which exceeds the minimum New Building Standard (NBS) rating. There is a Code of Compliance in place to substantially increase the number of beds onsite and earthquake strengthening has been completed on ALL operational components.
This is one of two facilities being sold, the option is available to purchase both facilities, please refer BBS2396. A corporate office sits across both facilities which can be disbanded if sold individually, with management reverting back to existing facility staff with minimal disruption.
This is an exciting opportunity to move into a well run operation, great staff and the opportunity to grow EBITDA both operationally and through increasing the number of care beds.
Asking Price: $6,500,000 (Plus GST if any)
If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BB2394, register your details and submit the online Confidentiality Agreement. Once Frank receives your expression of interest he will be in touch.
Source: Information supplied by the Business Owner or the Owners Agent(s).
Licensed REAA 2008. Copyright Barker Business Brokerage Ltd 2019.