New South Wales

Govt Funded. Low Risk. No Rent. Allied Health

For Sale | $1,900,000 EOI sale - seeking offers over $1.9M

Nursing Home

Aged Care Support Business - well established (Service Provider of Physiotherapists to Sydney - Aged Care residents & Wellness Centres)
• govt pays the facility, facility pays the physio business = no Medicare
• residents are treated onsite....no rent to pay for any service provision
• physios are attached to one or max two locations  = continuity of care 

This Aged Care Support Business has been providing Physiotherapy service for nearly 10 years to contracted aged care clients across Sydney.

The business has numerous service contracts with multiple residential aged care facilities and a few wellness centres. Each service contract specifies designated service provisions per week (either by hour or by treatment) at agreed rates for either one or two-year terms, that renew automatically upon their anniversary date. As the Australian population continues to age, aged care service providers are increasingly in demand and this is a sector that shows excellent opportunities for growth.

Healthcare professional such as physiotherapists are recruited via advertising or recruitment agencies to fulfill these service contracts and are managed by team leaders and clinical managers.

There are excellent opportunities to expand the scope of the services offered, increase the number of hours of service to current clients and to bring on board new customers both in Sydney or indeed, nationally.

Skills

The current owners are physiotherapists but operate as clinical managers, that oversee decision-making and operations. This is a business that would suit an astute investor or someone with a keen interest in, or experience of, the aged care sector.

Opening times

 - 5 days a week, standard business hours

Leased premises

Premises are not being offered as part of the sale of the business. The head office is currently office space in Sydney that is rented on a month-to-month basis, but the business can be relocated easily given that the customer base is widespread and continually growing.

Reason for sale

Owners are tiring and have accepted the desire to devote more time to young family responsibilities rather than investing more energy, time and money required into growing the business to the next level. With a separate negotiation required to maintain owners for a longer transition period; their preference is for a one to three month handover. Appropriate warranties will be provided.

About the Business

Established in 2011, this Aged Care support business has been nurtured through its early years, but more recently has been experiencing accelerated growth of income year on year. The business has continued to perform strongly and has grown throughout COVID. The business is well positioned to expand further and outside of Sydney.

Included in the sale of the business is the database of service contracts with customers, service providers/employees, plus the website together with a short list of office equipment and furniture. Overall asset value to be determined at due diligence.

Annual Turnover circa $4M. Adj. maintainable EBITDA circa $800,000 or 20%. Seeking offers around $1.7M.

Enquire on this business by visiting www.linkbusiness.com.au/​NSW09059  and click on "enquire now"

Ref:​ NSW09059

Sally Stuart
Business Sales Consultant
Phone: + 61 2 9899 1999
Mobile: +61 437 082 045
Email: sally.stuart@linkbusiness.com.au

THE PURCHASER TO MAKE HIS/HER OWN INVESTIGATIONS AND ENQUIRIES IN RELATION TO THE BUSINESS AND NOT TO RELY UPON WARRANTY OR STATEMENT MADE BY THE VENDOR OR BY ANYONE ON HIS/HER BEHALF


Ref: NSW09059
Timestamp: 20210225020045

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Sally Stuart

LINK Sydney

Overview

This Nursing Home Business is one of 36 businesses for sale in Parramatta, New South Wales, and one of 0 Nursing Home Businesses in this region that a business for sale currently has on offer. This Nursing Home Business is for sale in Parramatta for the asking price of $1,900,000 EOI sale - seeking offers over $1.9M and has been marketed for a while and is definitely worth another look as it is sure to be snapped up soon..