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*** SOLD ***
Warm, inviting Rest Home in sunny Hawkes Bay FHGC
Listing: #17978
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About this Business for sale in Napier
Warm, inviting Rest Home in sunny Hawkes Bay FHGCThis well managed 20 bed rest home has a great name in the community, providing a very caring, family orientated atmosphere, leading to an average of 97% occupancy. Has had the same owners for 20 years, so it is time for the new owner to step in. The 678.8 sq/m building is very well maintained and the kitchen has had expensive recent refurbishments adding to the value of these premises. The low maintenance, immaculate grounds cover 1669 sq/m on 2 separate titles, in a central location within the city with and all services easily accessible. There is a 1 bedroom flat with a single garage on the premises; ideal for an owner/operator or for a manager. Certified for age related care, long term support, respite care and mental health. CV on the land and buildings is $1,225,000. Providing an off site owner a favourable cash surplus. Full financials available to qualified interested parties Asking price: $150,000 for the business $1,149,000 for the freehold property TOTAL PRICE $1,299,000 for the FHGC (plus GST if any)
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This listing is no longer taking enquiries as it is SOLD
*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.