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
NGA Care are delighted to have sold, a well presented residential care home for the elderly located in the Lincolnshire town of Gainsborough. Registered close to 50, Foxby Hill Care Home has 22 rooms have ensuite WC facilities. The management run home has an excellent reputation and is rated Good by the CQC. Revenue declared 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. The home is positioned on extensive grounds approaching 2 acres and has potential for further development (STP). We were instructed to confidentially market the business to enable our clients to retire. The business was sold to an existing operator.
We urgently require more care homes in the region for funded buyers. Call our MD Nick Greaves on 07943 107 887 for confidential chat.
