Rest Home Business for Sale Bay of Plenty

Description

A privately owned rest home care business with over 25 years of operating history, recognised for delivering high-quality care and maintaining an excellent reputation. The facility is currently managed by an experienced team and operates with consistently high occupancy levels. The property is well established, featuring well-presented buildings and a strong focus on a family-oriented environment, supporting both residents and staff within the Bay of Plenty region. The team includes experienced staff capable of caring for residents with varying needs, supported by readily available health professionals providing medical and personal services. Meals are prepared onsite, and residents benefit from organised activities, outings, and optional weekly interdenominational services. Financial performance remains strong, with an EBITA of $392,992 recorded for the year ending 31 March 2024 and occupancy exceeding 90% annually. The business is offered for sale as a going concern with a 21-year lease term, including rights of renewal and the potential to repurpose rest home beds into hospital-level care. This opportunity is suitable for a new entrant seeking a well-managed operation with established systems, or an existing operator looking to expand their portfolio. Asking Price: Business only $1,400,000 plus GST if applicable.