• T/O (y/e 31.03.14) £535,925. ANP £108,105 approximately
• Well presented throughout
• Excellent reputation
Impressive detached rest home registered for 23 residents. Traditional Victorian property. Sought after residential location. T/O (y/e 31.03.14) £535,925. ANP £108,105. Well presented throughout with various accommodation options and opportunity to expand. Freehold Ref: 41798
The care home is located in Cumbria and has been successfully operated by the current vendors for 9 years. During that time it has earned a truly enviable reputation for providing excellent standards of care, support and development within a warm and friendly environment. The home subsequently enjoys regular referrals and recommendations and operates primarily on a waiting list basis, such is the popularity of the business. The care home demonstrates an excellent trading record with historically high occupancy levels. There is an experienced management team and compliment of qualified staff in place, which is another factor of the home’s success and reputation. As the business is currently trading at maximum capacity the current proprietors have submitted and received approved plans and building consent to extend the property, allowing them to accommodate a further 12 bedrooms, all with en-suite wet rooms.
The business operates from substantial two storey traditional premises providing spacious and versatile accommodation which has been updated and extended at various periods. The care home is an extremely successful operation which generates good levels of fee income and associated profitability. In addition, there are still further possibilities to increase turnover, particularly with regards to the planning permission for a 12 bedroom extension. The sale is a fantastic opportunity to acquire a first class freehold residential care home, situated within a pleasant and desirable location.
Summary. This is an excellent opportunity to acquire a first class freehold residential care home that is registered for 23 residents and located in a pleasant area.
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