Highly Profitable LD Residential Care Home West Midlands - SOLD
DONE DEAL!
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951
- Learning disability residential care home
- Run under management
- CQC Good
- 16 effective bedrooms majority en suite
- Good occupancy 94%
- AWF £1,618 (8.66% increase due Apr 23)
- CRR annualised income c. £1,262,352 (pending increase)
- FY22 Income c. £1,000,000
- FY22 Adjusted net profit c £420,000
- Excellent bolt on opportunity, EPC rated C
NGA Care are delighted to have concluded the sale of a well regarded residential care home for adults with learning disabilities, due to our clients pending retirement. The highly profitable management run business is located in the West Midlands and is rated Good by the CQC. Currently trading at 94% occupancy which generates an annualised income of c. £1,262,000 with AWF of c. £1,618. The successful business enjoyed an adjusted net profit of c. £420,000, off revenue of c. £1,000,000.
Comments from the former directors of Ferndale Care Services Ltd.
We want to thank NGA Care for acting as the brokerage professionals for the successful sale of our residential care service.
Nick had the knowledge and experience to guide us through an intense sales process. He was fully invested and worked hard to get the deal done, regularly liaising with lawyers and the purchaser so that we were always kept up to date with progress. As with most deals of this nature, we hit some rocky patches along the way and without Nick’s guidance we would have struggled to find solutions.
We have no regrets choosing NGA and are happy to recommend their services to others.
The business has been acquire by an experienced regional operator. NGA Care generating multiple bids on this business and we urgently require further specialist learning disability and mental health residential care homes due to unprecedented buyer demand, call today for a confidential discussion.
