SOLD. Banstead, Surrey. Well established and profitable care home for residents with learning disabilities. Desirable and affluent Surrey/South London location. Rated 'Good' in all areas by CQC. Scope to significantly increase turnover. Potential to extend. 100% occupancy with long-standing permanent residents. 3 single bedrooms with scope to expand to 5+ beds (STPP). Fee income £174,619 per annum (2017); GP £160,096. Outstanding reputation. Bricks and mortar value guide price £550,000. Retirement sale, viewing highly recommended
This is an excellent opportunity to acquire a well known and highly respected care home for residents with learning disabilities, located in a highly affluent and sought-after location on the borders of Surrey/Greater London.
Having been establshed in 1998, the home has earned an excellent reputation for providing the highest standards of care within a warm and friendly environment. Such is the strong and enviable reputation of the care home, there is 100% occupancy with long-term permanent residents in place and regular enquiries for future placements. The care home attracts fees at the higher end of the scale and at the time of inspection fee income was running close to £3400 per week, with fees averaging circa £1130 pppw.
The care home has been in family ownership since it began and only now comes to the market due to retirement.EXPANSION
There is excellent potential to increase the number of bedrooms thereby further increasing fee income and profitability. The property can be extended to the rear, for which planning permission has already previously been granted.SUMMARY
This is an excellent opportunity to acquire a highly respected freehold care home with strong bricks and mortar value, in a very sought-after setting with permanent residents in place, resulting in very strong and stable income. With a first class reputation, impressive levels of fee income and huge potential for further growth, the business would prove to be a fantastic investment for either a first time buyer or an experienced operator who already has a presence within the care sector. Early viewing is highly recommended to fully appreciate this first class care business.