Rest Home Businesses

Taranaki Aged Care Business for Sale

We are pleased to market a Freehold Going Concern Aged Care Business in Taranaki providing quality rest home care.
The Business and Property highlights are as follows
Bed numbers - 35 plus certified beds (mix of care levels)
Certification - 48 months approval (highest level attainable)
Management - runs under total management
Staff - loyal and experienced long-term staff with excellent reputation
Property - well-maintained purpose-built facility
Income - excellent cashflow (fees paid by DHB) income increasing year on year and exceptional profit level

Earning - the combined average earnings before interest (Ebit) for Fy23 and Fy24 is $630,000

Land - 5,000 plus sqm with development potential
Valuation - a recent registered valuation to support the asking price
We are selling this Freehold Going Concern as the owners are wishing to retire.
This facility is well positioned for either a new entrant to work in full time reaping the extra rewards, a cashed-up investor (or farmer) looking for a business and property running under total management or an experienced operator looking to increase bed numbers income profit and overall value.
The aged care industry is booming and will by 2030 require 15,000 new beds (info sourced by NZACA) therefore, these opportunities are rare and not to be missed.
Asking Price - $4,800,000 Plus GST if Any.
All agents welcome under a conjunctional arrangement.
If you would like more information about this opportunity please contact the listing agent.

Agency reference #: TFP2023001