Profitable Waikato Rest Home For SaleListing: #BOP00058
About this Business for sale in WaikatoProfitable Waikato Rest Home For Sale
This rest home business should provide a 23% ROI for a managed facility
- Well established small to medium sized rest home
- Located in an extremely busy part of the Waikato region
- Great situation - close to all amenities
- High occupancy providing a strong profit from the rest home. Another source of steady income can also be provided from the property
- Cosy, family atmosphere where residents mingle freely; this truly feels like home
- There is 10 years remaining on the current term of the ground lease, before the next right of renewal of 21 years
- The new owner has the potential to earn between $2 - $2.8M net profit over this next 10 years, based on the current profit and occupancy
- Cash surplus to a full-time working owner is $280,000 for the 2019 financial year
Asking price plus GST if any.
To find out more, press the “Enquire Now” button to complete an online confidentiality agreement.
***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.
*Profit: Sellers Discretionary Earnings, also known as EBPITD (Earnings Before Proprietors Compensation, Interest, Tax and Depreciation). This is the estimated total discretionary earnings (profit) for a business, usually based on historical trading.