Beautiful 21 Bed Rest Home - FHGC

Masterton, Masterton

$995,000

Proposed Usage
Age Care Facilities
Description:
Property ID
1c0r623

This tastefully decorated and extremely well maintained 1920's villa sits on 1843sqm of delightfully landscaped grounds.

The home can accommodate up to 21 residents. It is a beautiful facility that has an excellent reputation with the health authorities and the wider community. This is reflected in the high occupancy rate and the warm, friendly, professional care that is provided.

It is currently run and managed by the Vendor. It holds contracts with the Wairarapa DHB for Age Related Residential Car and Respite Services.

The business lends itself to being run by an owner operator although could be run by a manager with some restructuring.

The strengths of the business are:
• Proven Occupancy
• Proven profitability
• Good Reputation
• Stable staff
• Ability for Premium room charges for rooms with showers; WC en-suited rooms

Opportunities for further revenue :
• Aging population and anticipated shortage of care beds over medium term
• Improved occupation levels above those as budgeted
• Possibly convert the building or part of into a “Five star boutique style" rest home where the residents pay for the luxuries they want.


To find out more, go to www.linkbusiness.co.nz/16096
and press the “Enquire Now” button to complete an online confidentiality agreement.


Asking:
Business: $195,000
Freehold Property: $800,000 plus GST (if any)



***Some details of the business for sale are confidential and can only be disclosed upon contacting the broker and a completion of a Confidentiality Agreement. Due to the confidentiality of this business a stock photo image may be used to represent the business.

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