• Virtual Freehold held on a ground lease with an annual rent of £14
• Turnover £371,921 (Y/e Feb 2015 )
• CQC report October 2016 rated 'GOOD' in all areas
Residential Care Home for the elderly, Registered for 19 residents, Turnover £371,921 (Y/e Feb 2015), EBITDA £63,739, historically high occupancy levels, potential to extend, well presented throughout. Virtual Freehold held on a ground lease with an annual rent of £14. Ref 41216
This is an opportunity to acquire a well established and highly renowned residential care home for the elderly which is located in a popular district of Greater Manchester. The care home occupies a convenient and accessible position adjacent the main commuter route and within walking distance of local shops and amenities. There are also public transport facilities available close at hand.
The care home was established by the present vendor over 20 years ago and during that time has earned a truly enviable reputation for providing high standards of care, support and development within a warm, secure environment. The home subsequently enjoys regular referrals and recommendations. The care home demonstrates an excellent trading record with historically high occupancy levels near to or at capacity.
There is an experienced complement of qualified staff in place which is another factor of the homes success and reputation.
The care home operates from substantial and imposing double fronted premises providing spacious and versatile accommodation which has been sympathetically updated.
This is an extremely successful business producing good levels of fee income and associated profitability. The business would therefore ideally suit an energetic hands on owner operator or could also be an excellent addition for an experienced operative who already has a presence within the care sector.
This is a rare opportunity to acquire a first class residential home which is situated within such a desirable location.
Summary. This is an opportunity to acquire a well established and highly renowned freehold residential home for the elderly which is only now being offered for sale due to retirement. To avoid disappointment, viewing is highly recommended
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