Rest Home Business for Sale Bay of Plenty

Description

Business type: rest home care business

Location: Bay of Plenty, New Zealand

Current status: established operating business

Trading history: more than 25 years

Sale structure: business only

Going concern sale: yes

Asking price: $1,400,000 plus GST if applicable

Financial information

EBITA for year ending 31 March 2024: $392,992

Annual occupancy: more than 90%

Financial performance: stated as strong

Residents and care

Resident care: provided for varying levels of need

Care quality: stated as high

Family-oriented environment: established

Health professionals: available to support medical and personal services

Services

• Residential rest home care
• Onsite meal preparation
• Organised resident activities
• Resident outings
• Optional weekly interdenominational services

Staff and operations

Experienced management team: in place

Experienced care staff: in place

Day-to-day management: handled by existing team

Operating systems: established

Property

Buildings: well presented

Facility: established

Lease

Lease term: 21 years

Rights of renewal: included

Expansion options

Hospital-level care conversion: potential to repurpose existing rest home beds

Conversion requirements: subject to applicable approvals and regulatory requirements

Potential buyers

• New entrants to the aged care sector
• Existing rest home operators
• Aged care groups
• Healthcare investors
• Strategic industry buyers