• Income to y/e Sept 2015 £700,584 ANP of £76,421 (11%)
• Owner run and managed
• Retirement sale, viewing recommended
Well established home care business operating within the South Essex/Greater London area. Year on year growth. Genuine potential to increase care hours offered per week. Owner run and managed. Average weekly care hours c. 900 – 1000. Income 2015 c. £700,000, EBITDA £76,000. Retirement sale. Leasehold ref: 44523
A wonderful opportunity to aquire this home care agency, which has been trading successfully for over 15 years and was established by the current owner from the living room of her house. Since being established, the business has grown organically to be one of the local authorities preferred suppliers, within the densely populated London Borough.
The business now operates from a serviced office block in Essex, on the borders of London where all the management and senior staff are based and covers a number of surrounding boroughs.
The areas covered are done so through choice in order to keep the level of care to a high standard and to also keep staffing costs to a level, which makes the business very profitable. We have been advised by our client that they are asked on a regular basis by various local authorities to become a preferred provider and to cover other areas further afield, such is the level of care and reputation of the business.
However, due to our clients wish to retire, these requests have been declined, but would be of benefit for any new owner in order to grow the business further and to build upon the strong reputation which has been built up over recent years.
The business currently cares for approximately 60 persons and provides roughly 900 – 1,000 care hours per week, within the areas stated above and offers all aspects of home care which include standard half hour calls, along with overnight, live in and 24 hour care.
The business is well respected within the region with the majority of new business being offered to by the local Borough Council, although there is genuine potential to expand the business into the various London Boroughs which are close by.
Summary. A superb opportunity to aquire this business, which would ideally suit an existing home care operator within the London area.
A meeting with our client is highly recommended to fully appreciate the business opportunity which is offered for sale due to retirement.
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