Ad ID: 75762
Aged Care Facility Business for Sale Christchurch
Canterbury DHB Aged Care Facility
Business for Sale Description
Aged Care Facility Business for Sale ChristchurchThis Freehold Going Concern (FHGC) facility provides residential care for dementia and hospital care residents. Located on approximately 5,000+ sqm of land with room to expand, there lies an opportunity to increase the number of care beds and grow this business.
Modernised during 2017, this facility has an excellent industry and community brand along with a glowing reputation. Earthquake strengthening has been completed that exceeds the minimum New Building Standard (NBS) rating.
Average occupancy for the past 29 months to August 2018 is 83% due to ALL modernization work being completed during 2017. August 2018 occupancy was reported at 92%, back to normal operating levels. With an average reported EBITDA of $950,000 per annum this facility maintains excellent profitability year on year with the 2018/19 EBITDA forecast for 31st March 2019 of $1,090,000.
This is one of two facilities being sold, the option is available to purchase both facilities, please refer BBS2394. 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, good staff and the opportunity to grow EBITDA both operationally and by adding more care beds.
Asking Price: $8,780,000 (Plus GST if any).
If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BB2396, 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.
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