Established Residential Home in Dorset PRICE REDUCED
Price:
Freehold - £550,000
Location:
Dorset, Verwood
Business Type:
Retail businesses
Business Details
The particular highlights of the business are:
- A well established business.
- Excellent reputation.
- Rating as good.
- Excellent freehold investment.
- Turnover in excess of £125,000 with a net profit of £60,000 (see financial summary below).
- A business with great potential which has not been exploited because the owners want to move on and retire.
- An easily run operation.
- Good loyal well trained staff.
- A good first time buyers business and ideal purchase for a couple or partnership.
- A niche concern with very little competition.
- Business enjoys superb local reputation
- The concern provides residential care and social services.
History
Phoenix Business Transfer Agents are delighted to place onto the market this Established Residential Home which has been established since 1998. The business has been in the hands of the current owner since inception and now wishes to sell due to retirement.
Services
This very good business opportunity provides residential care and social services. The fees are from £450 to £600 p/w and the home is registered for up to 6 residents although at present there are only 3.
Staffing
The concern employs 4 part time members of staff.
Owners Role
The owner is involved in the day to day running of the business.
Marketing
No marketing or promoting of the business has recently been undertaken as the business is well known.
Competition
There is no local competition.
Market
The concern mainly deals with Dorset social services.
Opportunities
The concern has huge potential. In particular the turnover and profits can be increased by:
• Increasing the marketing activity with direct mailings including local and internet advertising.
• Increasing the amount of people registered.
• Becoming more efficient with staffing levels.
• Working more hands on hours and saving on wages.
• With the introduction of a website.
• Extending the property.
Training and Handover
The owner would be available for an extensive training and handover period for the benefit of the new owners if required. The owner would also be happy for an on the job observation period to assess the business prior to offers being made.
PROPERTY DETAILS
The property is detached with a number of out buildings, a lounge, kitchen and conservatory which leads to the rear garden.
It is very well presented and is very conveniently laid out.
FIRST FLOOR
There are 3 bedrooms, 1 of which is en-suite and a bathroom.
SECOND FLOOR
On the second floor is living space for the owner/s with an office.
EQUIPMENT WITH SALE
All fixtures, fittings and equipment are included in the sale price.
FINANCIAL DETAILS
The present annual turnover is £125,007 and a net profit of £60,000. The wages are £23,545.
The potential turnover of the business within the next 2 years is forecast to reach £250,000 pa given the changes that are required to be made to the business. Full financial disclosure is available on request after viewings and the signing of a confidentiality agreement.
Please note Phoenix do not guarantee the accuracy of these figures which are in many cases estimated and are not verified. Please do not rely on the accuracy of these figures and seek professional help before making any offers. Phoenix will not be held liable for any inaccuracies in these figures or any other statements contained in relation to this business.
Disclaimer
These details do not constitute part of an offer or contract.
The statements and descriptions given are made without warranties by Phoenix Business Agents Limited who it should be noted have NOT verified the information provided.
Purchasers should in all cases undertake financial due diligence using their own professional advisors before committing themselves in contract rather than relying on illustrations ,figures and information given on behalf of the seller.
- Situated in Verwood area in Dorset.
- Prominent location on a quiet cal-de-sac.
- Excellent parking facilities.
- Good bus route.
- Surrounded by densely populated residential area with other local amenities.
- Commercially thriving area.
- Poole, Bournemouth and the beach all lie close by.
- All local amenities lie close by.
- A lifestyle area.
- Excellent local demographics for this type of area.
On the second floor is living space for the owner/s with an office.
North Yorkshire
£ 750,000
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