Accommodation | Auckland Aged Care Facility (Business Only)

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Auckland Aged Care Facility (Business Only)

Auckland | Ad ID# 2846
Industries  >  Accommodation
Asking Price $2,700,000.00 Inventory $
Included in Asking/Selling Price
Gross Income $0.00 Real Estate $
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
Auckland Aged Care Facility (Business Only)

This desirable facility, located in West Auckland on 5,792 sq/m of land (more or less) maintains excellent year on year revenue, occupancy and EBITDA. The business has an excellent industry and community brand and reputation and provides dementia and hospital level care services. The management and staff have implemented a range of quality projects resulting in improved outcomes for residents and the facilities continuous improvement rating.

With occupancy greater than 96% year on year, the EBITDA has averaged $520K per annum over the past 7 years. The facility has a stable operating lease with an active maintenance plan and budget in place since purchasing the facility.

The vendor is now focused on improving EBITDA through operational adjustments/ improvements in the 2018 and 2019 fiscal period, anticipating that in 2019 the EBITDA will be $652,000. Also being considered is the addition of a further 20+ beds based on the facilities waiting list. Discussions have been had with the Waitemeta DHB who have advised that in principle the facility can support the proposed bed growth going forward.

With an experienced and respected management team in place, this facility is a walk in opportunity for the purchaser to manage or take a hands off approach and allow the current management team to continue to operate this facility. We have been in discussions with the Land & Building owner regarding the sale of the Land & Buildings.

The vendors are offering this premium business to those in the market wanting to build further
expertise with quality management backing and inherently better systems than competitors.

Asking Price: $2,700,000 (Plus GST if any)

If you are interested and would like more information about this business, visit www.barkerbusiness.co.nz/BB2034, 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 2018.

General Information

Home-Based: No

Property/Location

Other Information

Reason for Selling: NA