Nursing/Care Homes for sale in Devon

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Ian McGregor (Nov 2013)
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Freehold Price: £850,000 Annual Turnover: £438,764
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Business Description
• Specialist Dementia care home, full with waiting list
• Income to year end 31/7/2015 £438,764 EBITDA £131,629
• Potential to expand home subject to planning permission
• Excellent reputation, registered for 14 with 95% private clients

Superb 12 bedroom specialist dementia care home, registered for 14 with 3 single en-suite rooms. Neatly presented substantial property with 3 bed owner’s accommodation. Genuine potential to increase registered numbers subject to planning permission. 95% private clients. Fee income to year end 31.7.15 £438,764. 44005

This is a 12 bed home which provides specialist dementia care for the elderly in a comfortable and pleasant environment, located in Devon.

The business trades from a substantial Victorian built three storey property, plus a useful basement, which has been extended over time to now provide good sized accommodation with a home from home feel in the 10 single (3 en suite) bedrooms and 2 double bedrooms. The bedrooms are arranged on the first and second floor. There is a separate owners accommodation/staff accommodation to the third floor with absolutely stunning views over the countryside.

The business was purchased by our client in 2007, although there has been a care home on the same site since the 1950’s. Since the purchase in 2007 the property has undergone a vast refurbishment campaign and is now presented in an excellent condition throughout including the flooring and bathrooms.

The home has an extremely good reputation with the local authority with regards to placements although the vast majority of residents are private fee paying clients, with fees in the region of £590 per week for private clients - £456 per week for social services clients with year-end figures to 31.7.15 showing an income in the region of £438,764 with excellent profits which are increasing year on year. The home also operates a day care centre providing additional income. An excellent selection of long term staff the business is registered with the “investors in people”. With 95% private clients and waiting lists this represents an ideal opportunity.

In our opinion this is an ideal opportunity to purchase a well-established and well respected business in a popular Devon location. The home would ideally represent an excellent investment for an experienced operative who already has a presence within the care sector, or an investor, viewing is therefore strongly recommended.
Tenure: Freehold

Listed by: RedwoodsDowlingKerr
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