Residential care home for adults with learning disabilities based in North East England
Residential care home for adults with learning disabilities based in North East England
Overview
Description
The company offers tailored residential care for adults with autism, learning disabilities or social and behavioural difficulties aged between 18 and 65. The company encourages independence and enhances service users’ quality of life through meaningful activities, therapies, and occupations.
Priding itself on its extensive, detailed policies and procedures, the company provides certified training to its staff, often beyond required standards. The business has also achieved a Good rating across all areas from the Care Quality Commission.
The company is now being offered for sale to facilitate our clients’ retirement plans.
Offers invited.
Key Highlights
– Has strong, long-standing relationships with a number of local authorities that provide repeat referrals.
– Many service users have remained with the company for more than a decade.
– Strong management team in place that carry out daily operations and drive business development with minimal oversight, providing a new owner with a turnkey opportunity.
– Operates from three adjacent freehold premises.
– Owns a fourth property next door that is currently unoccupied and could be used to provide additional accommodation for more service users.
– Opening more care homes in surrounding areas would enable the company to continue its expansion.
Financial Highlights
– Turnover of £2m in YE22 with a gross profit of £750k.
– EBITDA of circa £460k in the same year.
– Projected turnover of £2.2m in YE23 with an EBITDA of £540k.
– Average gross profit of 44% between YE20 and YE23.
– Expecting to take on two new service users this FY, which will provide additional revenue of circa £210k per annum.
– Holds the freeholds of four premises that have a total estimated market value of £3.2m.
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