Swan Corporate Limited is pleased to present the information memorandum for the owner and operator of two residential care homes. In addition to the sale of the business as a going concern, the freehold properties from which care home activities are carried out are also for sale.

Residents

Our client retains great working relationships with local authorities and GP practices in their catchment area. However, their primary market is self-funding residents and account for 80% of the current residents. There is full occupancy across both properties with one holding 18 residents and the other 19.

At time of writing, the average weekly room charge in one property is £791.24 and care costs £699.56. In the other property, the average weekly charge is £719.49 with costs totalling £659.21 per resident.

Staffing

In one home, a total of 453 hours are worked every week (excluding manager time). In the other home, 457 hours are worked every week.

Staff are paid between £9.50 and £10.50 an hour which will rise in April 2023 in line with the law. There is also a part-time administrator who earns £18.00 per hour.

Managers earn either £37,000 a year or £32,000 depending on the home. Managers are paid up to £8,000 a year in bonus if occupancy targets are met. A pool of £3,000 is made available for staff for Christmas.Staff turnover is low. The current owner estimates that 85% of their current staff has been with them for 5 or more years.

Day to day, the company is run by the care home managers on shift within each home. In the absence of the manager, the senior care assistant on duty takes charge.

These members of staff are responsible for the admission of residents, staff recruitment, training programs, inspection management, the updating of policies and procedures, disciplinary issues and property maintenance.

Make an enquiry

This is an opportunity to purchase two very profitable retirement homes in an affluent area. They care to mainly to self-funding residents who can afford the fees. Constantly recognised by CQC and in online reviews for its quality of service, both properties are currently fully occupied. The current owners benefit from a steady stream of incoming leads meaning that, at many times, any vacancy could be filled quickly.

We expect interest in our client to be high. We invite you to register your interest in meeting the current owner and inspecting the business at your earliest convenience.