Highly profitable mental health care home in East Midlands SOLD - FURTHER COMPLEX CARE SERVICES REQUIRED
DONE DEAL

Well-presented and extended specialist mental health care residential home with 31 bedrooms / apartment suites designed for independence. The valuable freehold property is located in an affluent East Midlands city suburb. Current effective occupancy of 90.3% (July 20) which generates weekly income of c. £50,372, annualised c. £2,619,000. Management accounts for the 7 month period to 30 June 2020 saw income at £1,305,898 (inc. £45,383 Covid-19 payment and £21,342 Grant for Infection Control) and a net profit of £599,373 and EBITDA of £602,972. (46.1%).
The service provides care for both the over and under 65's, with the youngest resident being currently 18 years of age. The range of needs include mental health, physical disabilities, rehabilitation following major trauma, behavioural issues, dementia, alcohol and drug dependency.

The business has an excellent relationship with the commissioning teams and is overseen by two registered managers who are assisted by a strong management team that has now been assembled. This has resulted in securing placements at superior fee levels and will continue to drive the business forward once the owner retires. Offers encouraged.

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