Nursing/Care Homes for sale in Cromer

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Care Home - Norfolk

Cromer, Norfolk, England

  • Freehold Price: £785,000  Price Reduced arrow_drop_down
  • Annual Turnover: £305,899
Seller Reference: RDK45755
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Business Description
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Seller Reference: RDK45755
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Business Description
• Learning disability home, registered for 15 residents.Historically high occupancy levels and property is suitable for a supported living strategy
• Income for y/e 31.03.20 of £317,362 with an EBITDA for the same period of £63,916
• Popular Norfolk town close to the town centre and sea front, good road and rail links to London
• B&M value of approx. £685,000, management run, retirement sale, viewing highly recommended

Well established and well-respected learning disability care home. Substantial property with many rooms having sea views. Good road and rail links to London. Registered for 15. Income y/e 2019 of £317k with EBITDA of £64k. Manage run. B&M of £685k Retirement sale. Freehold Ref: 45755

Kensington Lodge is situated within a densely populated and sought after residential area of Cromer, Norfolk on the outskirts of the town centre and within easy reach of the sandy beach and Pier.

Cromer is on the North Norfolk coast approx. 25 miles north of Norwich and is popular with not only people from the surrounding towns but also further afield and London due to the Norfolk coastline and miles of sandy beach.

The business operates from a substantial, five storey mid terraced period property which has seen many changes over the years and originally started life as a B&B in the early 1970’s before being converted to a care home years later.

The property boasts 12 bedrooms which are arranged over the first, second and third floors and all provide excellent sized accommodation with each room being slightly different in design and layout, although many have wonderful sea views.

Kensington Lodge has a friendly, relaxed atmosphere, whilst maintaining a comprehensive professional approach to all aspects of care.

As previously mentioned, the business was established in the late 1970’s/early 80’s and was purchased by our client in 1991 after having worked for the previous owner as the manager of the home.

The home has an extremely good reputation with Norfolk County Council with regards to placements with the vast majority of service users coming from the local area such is the reputation for the level of care offered along with the wonderful home from home feel throughout.

The business caters for 15 residents within 12 single bedrooms, one of which has en-suite facilities. All of the bedrooms have a light and airy feel with large bay windows and are presented in good order, many of which have sea views.
Kensington Lodge is manager run on a day to day basis with limited input from the current owners who live abroad for the majority of the year.

There is also a deputy manager and a mix of part and full-time care staff.

In our opinion,

Summary. A fantastic opportunity to acquire a first-class care business located in a sought-after area of Norfolk which is only being offered for sale due to our clients wish to retire from the care sector

Viewing is strongly recommended to fully appreciate the location, the property and overall business opportunity.

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