Established Boutique Senior Nursing Care Home

Kings, Nova Scotia

Not Disclosed

Asking Price: Annual Revenue:
$599,000 $160,406

Services: Medical, Dental

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RE: Established Boutique Senior Nursing Care Home Broker: Mark Pothier

Quick Facts

Asking Price: $599,000
Annual Revenue: $160,406
Net Profit: Not Disclosed
Cash Flow: $82,904
Total Debt: Not Disclosed
FF&E: $12,500
Real Estate: $508,867
Year Established: 2002
Employees: 1
BBN Listing #: 39274955
Broker Reference #: 9201-15576

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Business Overview:

A privately owned Senior Care Home located in the Annapolis Valley, Nova Scotia, Canada. It caters exclusively to seniors needing long term, short term and respite care at a level one rating.

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Property Features and Assets:

The senior care is housed on the ground floor of a beautiful three-story, 5,100 square foot, Victorian home, built circa 1885. Currently there are three units, all with separate washrooms, along with a common kitchen and living room. The two upper floors are currently used by the owner as a personal residence, so there is room to expand. As well there is a large carriage house to the rear of the property. The carriage house includes a 1,100 square foot two-bedroom apartment and third story loft. Assets= $521,367

Market Competition and Expansion:

There are few remaining private facilities in the area as two have recently closed. There have been a number of private seniors care facilities that have closed in the past few years. As there are few level one care facilities around that creates opportunities. There is room to expand to other floors in the Victorian Lodge. There are also expansion opportunities available with the carriage house. It has an R2 rating (duplex) and can be expanded to provide additional revenue.

Reason for Selling:

The owner/operators are reaching retirement age.

Additional Details:

  • The property is leased.
  • The owner is willing to train/assist the new owner.
  • This is a homebased business opportunity.
  • This is not a franchise resale opportunity.

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