Profitable East Midlands Residential Care Home
DONE DEAL!
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974
- Residential care home registered close to 50
- 99% occupancy (Oct 23)
- Current weekly income £31,820
- Annualised c. £1,654,640
- FY22 Inc. c. £1,587,383
- FY22 Adj. Net. Profit c. £439,197
- Well-presented accommodation
- Management run
- CQC Good, Share Sale
- Council tax band H, EPC TBC
Early expressions of interest are invited as NGA Care are soon offer for sale, a well presented residential care home for the elderly located in the East Midlands. Registered close to 50, 22 rooms have ensuite WC facilities. The management run home has an excellent reputation and is rated Good by the CQC. FY22 revenue was c. £1,587,000 which generated an adjusted net profit of c. £440,000. Current run rate annualised income indicates c. £1,654,000 so we forecast profit to increase in FY23. The home is positioned on extensive grounds approaching 2 acres and has potential for further development (STP). Retirement sale. Council tax band H and EPC rated TBC. Ideal bolt on for an existing operator or first time purchase.
Profitable East Midlands Residential Care Home
Sale Type: Exchanged
Ref #: 974
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P: 07943107887
