Nursing/Care Homes for sale in Nottinghamshire

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 We were searching for a retirement business opportunity and we found it on 

Mr & Mrs Neville (Sept 2013)
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Freehold Price: £2,400,000 Annual Turnover: £929,084
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Business Description
• Two elderly care homes, registered separately for 24 & 22 residents
• Combined fee income for both homes £946,896 with a ANP
• Well established business with fully qualified management teams in place
• 3 substantial detached properties

Two elderly care homes, registered for 21 & 18 residents. Combined fee income for both homes £925,000+ per annum, significant profits, truly enviable reputations, management run. 3 Freehold properties included. Freehold Ref:44957

This is a fantastic opportunity to acquire two delightful residential care homes for the elderly which both occupy convenient and accessible locations in East Midlands. Included within the sale is also a third property currently used as an administration hub which could however be used for additional residents' space or specialist unit with the correct plans and permission in place.

The first care home is an established and highly renowned home which is registered for 21 residents and is conveniently located.

The second home is a well-known residential care home for the elderly which is registered for 18 residents located in the East Midlands.

The third property is located directly between the two care homes.

The two homes have successfully operated in the respective localities for many years and during that time they have earned truly enviable reputations for providing excellent standards of care and support within warm and friendly environments.

The homes subsequently enjoy regular referrals and recommendations. Both of the homes demonstrate excellent trading record with historically high occupancy at or near to capacity.

There is an experienced management team and complement of qualified staff in place at both settings, which is another factor of the homes' success and reputation.

The portfolio of homes is extremely lucrative, producing high levels of fee income and associated profitability. The businesses are operated with a high level of staff involvement and therefore offer terrific potential for an ambitious and focused operative who can further strengthen the financial profile of the business.

We are advised that there is also a superb opportunity for an investor as the resources and procedures are already in place and the businesses could therefore be operated remotely, generating a healthy financial return.

With the locality of all three sites been next to each other there is the potential for linking all of the site

Summary. This is an opportunity to acquire two established and highly renowned freehold care homes and an additional substantial detached property, with great reputations that generate significant profits.

To avoid disappointment, viewing is highly recommended.
Tenure: Freehold

Listed by: RedwoodsDowlingKerr
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