We need funds to complete the project of 32 rooms, 6 cottages, Spa centre, restaurant and wedding/event hall. We have loans of 1.5m at 1.2% and 2.2m at 0%.
Stage
Product In Development
Industry
Healthcare Services
Location
Faro, Portugal
Currency
EUR
Founded
September 2019
Employees
4
Incorporation Type
C-corp
Company Summary
We are building a care home in the algarve and are 90% complete with loans of 1.5m Euros at 1.2% and 2.2m Euros at 0%. The property is currently valued at 6.9m Euros.
A local care home charges 1100 p/w for a similar service. Our fees will be 950 p/w. We also have a restaurant, wedding event hall and a Spa centre producing extra income. The care home itself has the potential to turn over 2m p/a, Spa, Restaurant and Events an extra 750,000 p/a.