Accommodation | Aged Care Facility Waikato Dhb (Thames Coromandel)

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Aged Care Facility Waikato Dhb (Thames Coromandel)

Coromandel | Ad ID# 2568
Industries  >  Accommodation
Asking Price $1,950,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $Own
Stock/Inventory value .00 Year Established NA
FF&E $0.00
Included in Asking/Selling Price
*
Employees




Business For Sale By
Chloe Belli

Contact the Seller
To inquire about this business for sale, click the "Contact the Seller" link below

  Website
Aged Care Facility Waikato Dhb (Thames Coromandel)

This Aged Care Facility is located in a vibrant rural tourist township providing rest home and hospital level care with no competition within a 30km radius. This well respected owner has built this business over the past 28 years and sold the business to her daughter in 2009. The complex is managed as at 2016 with high occupancy levels for the rest home and hospital wing. The vendor has advised that the majority of residents are long term residents with a couple of beds made available for community needs.

The original structure comprises a well constructed villa circ 1900 with three subsequent additions in 1988, 1994 and 2005. Also situated on the site is a detached laundry/garage with rented accommodation unit. 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.

For the year ending 31st March 2018 the business reported an EBITDAR of $279,594 with the complex leased at $120,000 p.a. (ex GST) plus normal outgoings and occupancy running greater than 90%.

To improve financial performance an opportunity exists for an experienced operator to add more beds or service apartments as this facility is located on two sections with a total land area of approx 4,682sqm (more or less). This facility is being sold as a Freehold Going Concern and would suit an owner operator due to its location OR would fit into any aged care portfolio.

Asking Price: Buyer enquiry $1.95M (Plus GST if any).

If you would like to find out more about its location and more, please visit www.barkerbusiness.co.nz/BBS1912 to register your details and submit the online Confidentiality Agreement. When Frank receives your registration of interest he will be in touch.

Source: Information supplied by the Business Owner or the Owners Agent(s).

Licensed REA 2008. Copyright Barker Business Brokerage Ltd 2018.

General Information

Home-Based: No

Property/Location

Real Estate: Own

Other Information

Reason for Selling: NA