Nursing/Care Homes for sale in Bangkok

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Mike Watts and Wendy Race (September 2016)
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Freehold Price: £1,200,000
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Business Description
An increasing number of families are sending their elderly loved ones to Thailand - a popular destination for tourism, retirement, medical and healthcare – where private nursing care is more affordable and of higher quality than in the UK, Europe or USA.

This business is an upcoming residential care and nursing home, scheduled to open in August / September 2017. It will offer accommodation and personal care for people who may not be able to live independently. A rarity in Thailand, this care home features well-appointed hotel-type facilities and services for its residents.

Facilities: 24 Fully fitted and furnished private apartments, each unit covers a floor area of 43 sum and consists of a living room, bedroom, European kitchen and balcony. Swimming pool, tropical gardens, restaurant and car park.

Amenities: Daily meals, 24-hour nursing care, health checks, personal care (bathing, dressing, haircut and wash, manicure and pedicure, massage), wifi access, room cleaning, room service, laundry service, business/ immigration services, shuttle bus to town.

Location: Situated in the seaside town of Hua Hin, which is closely associated with the Thai Royal Family. By road, it is 199 km south-southwest of Bangkok, Thailand.
Land Size: Approx 1.5 Rai
Target Clientele: Locals and foreigners, who may be active seniors, the elderly, or are chronically ill and need round-the-clock medical and nursing attention.
Staff: General Manager, Nurses x 3, Chef x 2, Accounts clerk x 1, Waiters x 2 Massure x 1 Gardener/engineer x 1, Salon Staff x 1, Maids x 3
Work Hours: 24 Hours
Financials: Are available upon request Asking price: 1.2 Million Pounds

Attributes: Plans for a flagship care home in Bangkok, Thailand. Potential for developing the brand, and building a chain of care homes in Thailand and neighbouring countries.

Reason for selling: The owner, a British expat entrepreneur/philanthropist living in Thailand for decades is required to be with his parents.

The idea to build a residential care and nursing home in Hua Hin, Thailand came from entrepreneur/ philanthropist, Andrew Stocks, as it was his adoptive grandmother’s long-time dream to do so. Presently to Andrew’s knowledge, there is no care home in Hua Hin. The elderly (or their family) can buy an apartment in Thailand, and hire nurses or carers to look after them.

Seeing the high influx of foreigners, who very often appreciated Thailand’s hotels and various attractions, he concluded that many of them would love to settle in a retirement home in Thailand.

With Thailand welcoming more and more expats to live in the country, and knowing that majority of Europeans retire in a care home, Andrew decided to bring to fruition Sunshine International Care Home (SICH), Hua Hin.

Construction works are in progress, with estimated completion by Mid - Late 2017. On-board Andrew’s team is an expert adviser from the United Kingdom, who has 20 years’ experience of owning retirement homes in the UK.

Andrew conceived a hotel-style retirement home to differentiate from the typical European models, in which one instantly feels being in an old people’s home, surrounded by ageing residents who look bored merely sitting around the fire with nothing to do.

Neither did Andrew want the feeling of being in a hospital.

Thus, he designed SICH to have well-appointed private apartments, so people can relish their own privacy, and not be crammed in one room.
Andrew enhanced SICH with a swimming pool and lush tropical gardens, for residents to enjoy at their leisure. He visualised retirees and the elderly happily living in a beautiful place they can call “home”; and believed that this feeling alone can add years to their lives.

SICH will house 24 fully equipped and tastefully decorated apartments, each with its own living room, bedroom, bathroom, European kitchen and balcony overlooking the pool. Every apartment will accommodate 1 person or, if a couple, 2 people.

In Europe, the average cost of living in a care home is around 3,000 Pounds Per month SICH will offer introductory rates ranging from 1,000 Pounds per month.

In addition to furnished accommodation, these rates will include:
3 Meals per day - Unless opted out of meals.
1-hour Thai or foot massage per week
1 Hair cut per month by a professional hairdresser
4 Hair washes per month by a professional hairdresser
1 Manicure and 1 pedicure per month
2 Health checks daily (am/pm) in your room Nurse-on-call 24 hours a day
Daily room cleaning
Bedding laundry once a week

Here are the main reasons why clients would choose to retire in SICH, rather than in Europe:
Price per month is a big cost reduction for the client;
Level of service is far superior in Thailand than in Europe;
Cost of living is much cheaper in Thailand than in Europe;
Tropical Climate

Andrew has been living in Thailand for 30 years and
has run thriving businesses across the country. Besides Hua Hin, he plans to build retirement homes in Bangkok, Pattaya Phuket and Chiang Mai.
Whilst advertising campaigns for SICH will target major local markets, he will also publicise abroad to attract new clients into Thailand. In a nutshell, SICH is assured to be a success, with potential to become a nationwide business.

Although very excited about this project, Andrew regrettably has to sell up, relocate to the UK and be with his parents. Hence, he is currently looking for an entrepreneur or someone who has the strength to take over this business, and to fulfil his vision of creating
a flourishing chain of care homes across Thailand by developing the SICH brand.

This would be a great oppotunity for someone who already has a retirement or nursing home in the UK as you could offer your exsisiting guest the chance to have holidays or residential in Thailand.
Trading Hours:

Number of Employees: 10-30

Tenure: Freehold

Number of bedrooms: More than 5

Accommodation Details:
24 one bed private apartments all overlooking the pool

Support & Training:
Training and support can be given to the new owners if they would like it.

Location Details: Hua Hin, Thailand.


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