• Fee income £262,964 per annum (y/e 31.03.15), EBITDA £69,612
• Convenient & accessible location, potential to extend
• Healthy occupancy levels, 2 bed owner's/ manager's accommodation
Charming residential care home for the elderly (Registered for 13), convenient and popular location. Fee Income £262,964 per annum (y/e 31.03.15), EBITDA £69,612, historically healthy occupancy levels, potential to extend, all single rooms, 2 bed owner’s/ manager’s accommodation, viewing recommended. 44438
This is a rare opportunity to acquire a charming residential care home for the elderly, which is situated in a popular Lancashire village.
The home is quite literally a stone’s throw from the village centre with its wide selection of shops, local amenities and a medical centre with the major commuter routes, public transport facilities and the motorway all close at hand.
Having successfully operated in the locality for many years, the home has earned a truly enviable reputation for providing excellent standards of care and support within a warm, friendly environment. The home subsequently enjoys regular referrals and recommendations demonstrating historically healthy occupancy levels.
There is a complement of experienced and qualified staff in place, which is another factor of the homes success and reputation.
This is a successful and lucrative business, yet still offers genuine scope for future development and expansion. There is a dwelling adjacent the home which the vendor has purchased, and subsequently obtained planning permission in 2015 to create 4 apartments which could be used for supported living.
This would naturally increase the income of the business, whilst significantly enhancing the overall profitability. We have not seen sight as to the exact detail and extent of any such planning permission, and all interested parties are recommended to obtain copies prior to contract.
This business represents an ideal acquisition for a hands on owner operator or would also prove to be an excellent addition for an experienced operative who already has a presence within the care sector.
To avoid disappointment, viewing is recommended.
Summary. This is a rare opportunity to acquire a highly renowned freehold care home for the elderly, which generates significant profits. With this in mind, viewing is recommended to avoid disappointment.
The owner of the business has advised that there are several options to purchase the business these include;
Option 1: To purchase the 13 bedded residential home. The cost of this would be £499,995.
Option 2: To purchase the 13 bedded residential home with the option to purchase the next door building to renovate to provide additional 7 beds, which would make the total project a 20 bed residential home (Subject to planning approval). The costs of this would be in the region of £599,995.
Option 3: To purchase the 13 bedded residential home with the option to purchase the next door building to renovate to provide 4 luxury apartments. There is already planning permission approval for this, which are available on request. The costs of this would be in the region of £599,995.
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