Rest Home - High Occupancy, Good Earner

Palmerston North

$2,025,000

Proposed Usage
Other Businesses for Sale
Description:
Property ID
1c069x7

This established, well maintained Rest Home caters for permanent and respite guests with license for 25 beds. Private or shared rooms are available, which can be individualised to the guests tastes by adding personal items. The property is in very good condition and appearance, and is positioned for a pleasant outlook over a reserve.

The business has a generous and growing annual turnover, with steady profits, likely to be enhanced in the future with New Zealand's aging population profile. Barriers to entry should protect earnings by discouraging new businesses to start in the industry.

The current owner is looking to retire and would like to hand over to someone with compassion and empathy for the elderly. The sale is a freehold going concern.

Price $2,025,000.

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