Nursing/Care Homes for sale in Wigan

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Ian McGregor (Nov 2013)
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Freehold Price: £3,500,000 Annual Turnover: £1,317,404
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Business Description
• Group of 2 impressive purpose built care homes, registered for 70 residents
• Combined fee income £1,317,404 per annum (y/e 31.03.15), impressive EBITDA at £426,242
• Convenient and accessible settings, historically high occupancy levels
• Superbly appointed throughout, owners retiring, viewing highly recommended

2 purpose built care homes (Reg 70) plus dwelling with development potential, convenient & accessible locations, Greater Manchester. Combined Fees £1,317,404 pa (y/e 31.03.15), impressive EBITDA, truly enviable reputations, historically high occupancy, superbly appointed, retirement, viewing highly recommended. Freehold. 44657

This is a rare opportunity to acquire a group of two, first class purpose built care homes which are conveniently located in the popular district of Hindley in Wigan, Greater Manchester.

The first of the homes, “The Oaks” is an imposing 31 bedroom property, providing residential care for the elderly which is located in a pleasant residential area, within walking distance of a selection of local shops with public transport facilities close at hand.

The second home, “The Acorn Care Centre” is an impressive 39 en-suite bedroom home, providing both nursing and residential care for the elderly, which is ideally situated adjacent the main (A58) and within a short walk of the town centre with its wide range of amenities. The public transport facilities, major commuter routes and neighbouring towns and villages are all easily accessible.

The two homes were both established and purpose built by the present owner and over the many years of operation they have earned truly enviable reputations for providing the highest levels of care, support and dignity within a warm, secure environment. The businesses therefore demonstrate an excellent trading record, with historically high occupancy levels at or approaching capacity, whilst also enjoying regular referrals and recommendations.

There is an experienced management team and complement of qualified and longstanding staff members in place at both settings, which is another factor of the homes ongoing success and reputation.

Both homes operate from impressive purpose built detached freehold properties, that are superbly appointed with excellent quality décor and furniture, creating a fresh and welcoming environment.

This group of two care homes is an extremely successful business, producing strong levels of fee income and impressive associated audited profits, yet there is still potential for future growth and development.

Included within the sale price is a substantial 4 bedroom detached dwelling, with

Summary. This is an excellent opportunity to acquire two lucrative and highly renowned freehold residential care homes, which are only now being offered for sale due to retirement. To avoid disappointment, a viewing is highly recommended.

The business is owned by a limited company and so it is anticipated that this sale will be by way of a share sale of 100% of the issued capital of the company.
Tenure: Freehold

Listed by: RedwoodsDowlingKerr
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