Two To One Children’s Care Provider Located in Staffordshire
Two Freehold Properties & Five Leasehold Sites
Ofsted Inspection Rating GOOD
This established and well respected Children's Care provider is located across Staffordshire.
Asking Price: £3,000,000
Veritas Business Sales are delighted to offer for sale this respected Children’s Care provider which has sites across Staffordshire. They offer two to one residential accommodation for children aged between eight and eighteen years of age. The business was established by our client back in 2001 and is now reluctantly being offered for sale so that they can enjoy a well-deserved retirement. Since ownership there has been continual investment on the freehold properties to include new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is overseen by the owner but operates day to day by an assistant Director and a team of 40 staff members. A prudent infrastructure is in place to ensure that the business can continue to be operational without an owner operator. The responsible individual takes care of the day to day running of the company and he is prepared to stay under new owners. For year ending 30th April 2020 the turnover was £1,586,073 with a GP of £487,477 and a healthy net profit of £145,936. April 2020 to 2021 is expected turnover of £1,912.000 due to expansion.
The current model used is one resident to each home which works well and nationwide there is a shortage of solo beds. The location of the new homes will be paramount and there are opportunities to expand to the east of Stoke- on-Trent. The Burton-on-Trent or Derby areas have excellent facilities such as main roads in and out of both towns which are close to head office. The infrastructure is already in place for the service to be developed and employment for residential workers is stronger in the new locations. They have built a great reputation with local authorities and have the capacity to increase from seven beds to over 20 beds. This is a superb opportunity for an existing operator or new operator looking to enter the market place for an established care facility and as such early viewing is highly recommended as this is not to be missed.
Each home has a statement of purpose relating to the principles and operation. The statement of purpose sets out information about the homes ethos, values and aspiration for children. The document is given to families, Local Authorities including Social Workers, IRO’s and all other professionals who work with the resident.
The company has been in business for over 20 years working in the children’s homes sector over this time has built up a positive relationship with the Local Authorities with Staffordshire and Stoke on Trent. The service has moved with the times with the changes in regulations and Quality Standards. They have also developed strong relationships with Surrey and Oxfordshire, the organisation has tendered on a number of contracts. Currently they have in place the West Midlands Framework, Southampton Framework and the Placement Northwest. Having agreed to go on the contract also have Spot Purchases.
They are regulated service inspected by Ofsted. The 7 current homes are rated at good in all areas this is an achievement in itself. whilst we take pride of the Good in all areas, we still work towards achieving Outstanding homes and has 3 Registered Managers who are registered for 2 homes and 1 Manager who is registered for 1 home and will be looking to increase the number of homes this will enable all Managers to be dual registered. All Registered homes are registered for 2 homes which has been the history of the company which has worked throughout the years that they have been running.