*** SOLD ***
Well-established Nursing Home for the Aged
About this business for saleWell-established Nursing Home for the Aged
This listing represents a well-established and popular nursing home on the outskirts of Durban’s CBD.
Ideally situated for its purpose, the business has been owned by the Sellers for the past +/- 8 years and although not directly involved in the day-to-day running of the business, the Sellers have a stable team of caring employees in place.
The home is geared to manage a wide spectrum of residents from individuals who are relatively independent to the frail with more chronic type conditions. The care team is managed by Registered Nurses ensuring that resident’s specific needs are both evaluated and catered for.
The home prides itself in the fact that, it provides residents with professional nursing care along with a warm and loving environment, clean rooms and facilities and nutritious and tasty meals.
This establishment is considered a “home” for its resident’s where family and friends are encouraged to visit their loved ones throughout the day.
There are a limited number of homes available that cater for the likes of Dementia and Alzheimer’s and since this home is geared for residents suffering from these conditions, it has proved most popular to the extent that; new residents are attracted through the homes good reputation within the local medical fraternity including referral’s from medical staff (Doctors and Nurses) from the nearby St Augustine’s and Entabeni hospitals.
All the rooms and common areas are fully furnished and the support services (kitchen, laundry etc.) are also fully equipped and functional. The replacement cost of the homes assets would be in excess of R1.0 million whereas, current values are estimated to be +/- R350k.
The extensive asset inventory is unencumbered and includes linen, crockery, cutlery, food, medical consumables, nappies, stationery etc. all of which are expended on acquisition.
The premises are significant in size with some 50 rooms (double and single) and while the landlord is very supportive of the operation, he is also prepared to consider the sale of the property. Alternatively, a long lease can be negotiated.
The Sellers have divergent business interests and are not in the position to engage in the day-to-day running of the business otherwise, the business would not be brought to market.
Ideally, this home should be run and managed by a hands-on owner or an entity which already has interests in a similar retirement or care home/s.
This opportunity is distinctly different from the retirement village concept as it targets those with ailing health and/or limited independence. It is ideally positioned, in close proximity to all the major medical centres and hospitals.
It caters for those who want quality accommodation and care in a homely setting but cannot afford the premium price of many of the offerings of new developments.
The opportunity provides great value for money from a facility with a proven track record and reputation of the highest order.