Nursing/Care Homes for sale in Devon

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Ian McGregor (Nov 2013)
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Freehold Price: £0 Annual Turnover: £1,376,000
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Business Description
• Income of £1,376k for the year ended 31st July 2015, generating an adjusted EBITDA of £428k
• Projected income of £1,562k for the forthcoming financial year, generating an adjusted EBITDA of £557k and a 36% return on income
• Offers 24/7 care with 51 luxurious and tasteful bedrooms
• Offers Invited

Project Magenta represents the opportunity to acquire a renowned nursing home in the South West. Income of £1,376k for the year ended 31st July 2015, generating an adjusted EBITDA of £428k. Registered for 54 residents. Offers Invited. 44002

Project Magenta represents the opportunity to acquire a renowned nursing home in the South West. The care home was purchased a number of years ago and since the change of ownership, the ongoing investment and dedication from its current owners has created significant growth, and has established the nursing home as an excellent care provider.

• Income of £1,376k for the year ended 31st July 2015, generating an adjusted EBITDA of £428k

• Projected income of £1,562k for the forthcoming financial year, generating an adjusted EBITDA of £557k and a 36% return on income

• Offers 24/7 care

• 51 luxurious and tasteful bedrooms

• High occupancy levels

• Situated in a beautiful location

• Excellent reputation within the local community, resulting in regular referrals

• Strong track record of income and cash generation which provides a strong platform for future growth

• Opportunities exist to significantly increase both income and profitability as planning permission has been granted to construct 14 additional bedrooms

• There is also scope to increase fees for the residents
Tenure: Freehold

Listed by: RedwoodsDowlingKerr
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RDK44002
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