• Fee income to year end 31.10.14 £511,149, management accounts to year end 31.10.15 show an income of £534,164
• Substantial valuable, detached period property
• Fee’s between £700 - £850 per week, retirement sale
**OFFERS INVITED**Well established and well respected care home for the elderly. Substantial detached period property set within wonderful mature gardens. Registered for 19 residents. Fee income to year end 31.10.14 £511,149 with excellent profits. Run under management. Retirement sale. Viewing highly recommended. Freehold 44472
This well established care home is located in West Sussex on a tree lined road within a densely populated, sought after residential area. The business operates from a substantial detached period property, arranged over three floors and has been extended over time and provides good sized accommodation, with a wonderful home from home feel.
The home is ideally situated with excellent road links close by, along with rail links to London. We have been advised however that the majority of the residents have historically come from the local area, such is the reputation for the level of care offered, along with the wonderful home from home feel throughout the home.
The business was purchased by our client 5 years ago, although we have been advised that there has been a care home on the same site since the late 1980’s. The home has an extremely good reputation with the local authority with regards to placements, although historically and currently the vast majority of residents are private fee paying clients.
The business caters for 19 elderly residents within 16 en-suite bedrooms, although the twin rooms are usually occupied by one service user paying a premium for the bedroom, such is the quality of the care and standard of the rooms. For the year end 31.10.14 the business had an income of £511,149 with excellent profits. Management figures for the year end 31.10.15 show an income of £534,164.
In our opinion this is an ideal opportunity to purchase an established and well respected business in a popular and affluent location, and would represent a superb addition for an experienced operator who already has a presence in the care sector, or an excellent investment for an energetic hands on owner operator.
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