nzbizbuysell.co.nz/84563
Ad ID: 84563

Aged Care Facility Business for Sale Bay of Plenty

BAY OF PLENTY Aged Care Facility

Location:
Asking:
$3,600,000

Business for Sale Description

Aged Care Facility Business for Sale Bay of Plenty


This well-presented aged care facility is situated in an excellent location and is offering a good mix of small, medium & large bedrooms within a very desirable residential suburb in close proximity to one of the fastest growing North Island provincial town centres.

With a high demand for aged care beds within area as compared to other regions and maintaining excellent relationships with the MOH, DHB, key aged care stakeholders & recommenders, occupancy is approx. 90+% as at May 2020.

Providing proven stabilised operating income over a long period of time with limited competition within immediate area, future revenue options include (1) certifying approx. 70% of rest home beds to dual purpose (swing) beds to the existing purpose built rooms requiring fitout only; (2) the ability to increase the number of aged care beds; and (3) other DHB revenue streams. The owner has recently invested approx. $230,000 in refurbishing key areas of the facility to accommodate future revenue options.

This is an exciting opportunity to purchase a well-run managed aged care facility with excellent staff and the opportunity to grow EBITDA. The purchaser would consider selling the aged care facility as either a Freehold Going Concern Sale or as a Business Only under a long-term lease as follows, the choice is yours.

Asking Price:
• Freehold Going Concern: $3,600,000 (Plus GST if any); or
• Business Only: $789,607 (Plus GST if any)

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BBS2472, register your details and submit the online Confidentiality Agreement. Once Frank receives your expression of interest he will be in touch.

*Source of information - Supplied by the Business Owner.
Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2020.

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Barker Business Brokerage Ltd
For more info
Contact: Frank Pollard

Frank Pollard

Frank Pollard
027 499 9423 or 09 448 0756
Barker Business Brokerage
Licensed REAA 2008
Broker Ref: BBS2472

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