Fee income of £264,000,
Low overheads - Management run
Excellent profits, Est 2007
Business has scope for development
EPC RATING - C
Blacks Brokers are delighted to offer for sale this established, thriving care business which boasts an excellent reputation and provides healthy profits for the current owner.
The owners have transformed what was once a run down property into what is now an ideal environment for the high levels of care which are on offer. The facility is registered for 4 residents catering for females between the ages of 18 – 65 with learning difficulties, enduring mental illness or are working towards recovery from their difficulties. We are informed that it generally operates with 3 residents, the owners are in the process of looking to offer respite care for the additional room when not occupied.
This semi detached period property offers facilities across 3 very well-presented floors and is located within a conservation area. There is the added bonus of being within a short walk to the town centre, train and bus stations and other local amenities.
Each of the residents bedrooms offers a tastefully neutral decor where the resident is then encouraged to make this room to suit their own personal tastes. All of the bedrooms offer ensuite facilities. In addition, throughout the property there are ancillary facilities which include a lounge, sitting-room, dining kitchen, staff, W.C. and office facilities. To the front of the property is a private driveway with car parking for 2 vehicles. To the rear, which also has separate access, is a deceptively spacious landscaped rear garden, a quiet and relaxing area for all of the residents to enjoy.
The property itself has been modernised but still retains some original features which include flooring and stained glass. The owners have tried to create a homely environment that also complies with the day to day practicalities of running a facility of this stature.
The business is run under management with the owner having an overseeing role. We are advised that the annual turnover for 2013 was in the region of £264,000 with adjusted net profits for the business being in the region of £150,000. As a guide the average weekly fee for a resident is £1,400.
The business is being sold by way of a share sale for 100% of the issued share capital on a cash-free debt free basis. This is a well balanced combination of a valuable freehold and a profitable business which still has scope and potential for new owners to explore and viewing is highly recommended to fully appreciate what is on offer.
Location Details: Shrewsbury
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