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During the covid-19 outbreak, we receive lots of enquiries from business buyers everyday who are looking for a stable income during and after covid 19 to support their family, pay for the car, kids tuition and for a roof over their head. We are so sorry to hear that some of you who have lost your job or closed your business due to this global pandemic.
We are all feeling the pain, so we thought we would share this information with you, hopefully it’s one idea you can explore more to provide you with stable income and certainty. One of the most asked questions is which type of management rights have stood the test of covid 19 and are still giving the business owner a stable income. In the management rights formula’s first chapter, I mentioned there are 6 main types of management rights. Download the First Chapter >>> Click Here <<<
Today, I would like to dive into the 5th type : aged care.
We are going to look at this sector from 5 aspects and dig deeper using real case studies to demonstrate how stable it is backed up by profit and loss statements from verifying accountants:
Queensland has a population of 4.691 million back in 2018 and at the time this video is recorded the population is more than 5.169 million
• The state’s population is estimated to double to around 9.1 million people by 2056, check out the population growth link below
• There’s lots of uncertainty moving through covid 19, which is why we are here to look at how the aged care sector businesses have performed.
Which is a full percentage point higher than Australia as a whole, which is 3.5 percent.
Queensland has a modern, diversified economy, underpinned by its major economic pillars of agriculture, resources, construction and tourism, augmented by manufacturing and a large services sector.
Check out the GDP link below
QLD location aspect
Next is the Demographics aspect:
Queensland’s aged over 55 population is around 24% of its total population, and the aged over 55 percentage is continually rising.
And all levels of government have prioritized providing appropriate accommodation to all income levels of its aging population.
There are 4 level of Aged care.
Level one includes Freehold houses or boarding houses that supply accommodation only. We can take you on an inspection to check out these Level 1 type of management rights at a time suitable for you. One example you can find is on our website with a salary of $160,000
Check out the link below for the Level 1 aged care management rights business.
Let’s have a look at the profit and loss statement over the last 12 months for a Level 1 aged care management rights business.
Level 2 : Is a complex large or small that provides more than accommodation in their tariff, but limited to: food and Linen services. It has government sponsored carers for individual residents in self contained units. We can take you on some inspections at different locations in QLD for the level 2 type of management rights businesses. Income levels can range from $120,000 to more than $800,000 per year.
Let’s have a look at a level 2 aged care management rights business:
Level 1 and Level 2 are suitable for mum and dad operators who may or may not have experience in the industry. If you are not experienced don’t worry as we have systemized training and support for all of our clients.
There are a few reasons why the income is stable and why you would want to buy an established business like this:
Level 3: Is a complex or home that supplies food and accommodation plus medical and financial assistance with staff on duty 24/7. There is a nurse on duty most of the time and this level is the most common type of supported accommodation.
Level 4: Is a nursing type of home or complex that has low and high level of care for retired or disabled people, with full time staff for nursing, catering, cleaning and personal carers. Level 4 also includes Retirement homes with government sponsored housing.
Type 3 and 4 are suitable for experienced operators who in skilled in managing a team. To own level 3 or 4 businesses you have to be accredited by the Residential Service Authority. We can connect you with industry government bodies and experts if you are new.
Join our inspections to see some retirement vilaage management rights fill in the form below so we can sent you an invitation or call The SIRE Team On 0404 331 310