Nursing/Care Homes for sale in Devon

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S Martin (Feb 2013)
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Freehold Price: £1,585,000 Price Reduced Annual Turnover: £635,000
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Business Description
• Residential care home, registered for 26 residents
• Fee income 2015 £631,417 - EBITDA £238,214
• Multi award winning care home with enviable reputation
• 22 single and 2 twin rooms - 9 en-suites

Residential care home, registered for 26 residents. Advised Fee income 2015 £631,417, Spacious and well presented accommodation. Award winning. Enviable reputation, 22 single and 2 twin rooms - 9 en-suites. Freehold.

This is a rare opportunity to acquire an established and highly renowned, award winning residential care home, registered for 26 elderly residents in a popular and much sought after area within Plymouth.

The home occupies a very accessible position in a well populated, predominantly residential area close to the town centre. There are an excellent selection of shops and amenities in the centre and all major commuter routes and public transport facilities are close by.

The well-known home enjoys an enviable reputation for providing excellent standards of care and support in a warm and secure environment, with the present owner successfully operating the home for the past 30 years. The home is consistently at full occupancy, benefits from regular referrals and recommendations and demonstrates a strong trading record.

There is a full complement of experienced, qualified and motivated staff in place – another factor of the home’s continued success and excellent reputation.

The business operates from substantial and imposing detached premises and provides spacious and versatile accommodation. It is well appointed with tasteful décor throughout and is in an excellent condition. It has been awarded both the Investors in People award and the Dementia Quality Mark, further enhancing this excellent home’s reputation and revenue. The business has won multiple awards for its excellent care.

The home is a successful and highly lucrative business, which is only now being offered for sale due to retirement. The business would therefore ideally suit an energetic hands on owner operator, or alternatively due to the structure already in place, it could be an excellent addition for an experienced operative who already has a presence within the care sector and is looking to expand.

There is ample land and potential to develop the property and business further, with plans in place for an additional 10 rooms where the currently disused outdoor swimming pool is located.
Tenure: Freehold

Listed by: RedwoodsDowlingKerr
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