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Nursing Home In The City
Location: Germany -> Frankfurt
Industry: Health and Medical > Long-Term Care Facilities




Business Summary

Nursing home in Frankfurt city.The building built in 2016. The total area is about 6 100 sq.m. Land area - 4400 sq.m. Management Company fully paid utilities and is looking for new tenants.Due to rising living standards and improved health care, life expectancy of people in Germany is growing every year. Every year, more and more German citizens retiring.

Every second woman, according to statistics, will celebrate its 85th anniversary, and every second man reaches 80 years of age. The lack of places and long waiting lists at nursing homes predicts that demand for such real estate will continue to grow. After making a new owner in the land register, it can give this property, bequeath or sell without any problems. Frankfurt, often referred to simply as Frankfurt - the largest city in the state of Hesse and the fifth largest in Germany with a population of 700 000 people (as of 2013).

The city is the center of a large metropolitan region Rhine - Main with a population of 5.6 million people, the second largest region of Germany. Frankfurt is considered the world's ''alpha city'' and is the center of commerce, culture, education, tourism and transport hub. Here are the European Central Bank, German Federal Bank, the Frankfurt Stock Exchange and the Frankfurt Fair. The project cost - 12.2 million euros. registration fee of 7-8% of the price of the object.

The annual rental income amounts to 813,300 euros. Indexing to 2% of revenue. Write-off of costs (depreciation) of 2% for 50 years and 10% over 10 years (on furniture costs). The lease agreement is valid 20-25 years, with an extension. After 5 years of residence is automatically indexed rent. According to the contract with the management company is guaranteed a steady income even if not all the rooms rented. The documents are ready to deal. Additional information is available upon request.


Financials

Asking Price Range:  $10.0M - $20.0M
Gross Revenues:   Seller Will Provide
Cash Flow:   Seller Will Provide
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2015
Number of Employees:  20 - 34
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Leased
Property:  Property For Sale

Photos

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Nursing Home In The City Photo 1




Print Listing Id: 700269068
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Related Searches: Chiropractic Practices  >  Dental Practices  >  Health Clubs and Spas  >  Long-Term Care Facilities  >  Medical and Dental Labs  >  Medical Clinics  >  Medical Devices  >  Medical Practices  >  Optometry  >  Pharmacy  >  Other Health and Medical  > 

Also See: Franchise Opportunities > Franchise Resales > Business Brokers > Commercial Property For Sale > Commercial Property For Lease



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