Modern purpose-built care home SOLD in South Yorkshire
DONE DEAL!
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988
- Purpose-built care home, registered for close to 80
- All bedrooms en suite wet rooms
- 92% effective occupancy, Current weekly income c. £59,745
- Annualised c. £3,106,000
- FY24 8-mths inc. c. £2,161,156 8-mths adj. EBITDA c. £515,587
- Registered manager in place, CQC Good
- Excellent growth forecast; Popular location
- Ideal bolt on operation
- Share sale due to retirement
- Council tax band H, EPC rated B
NGA Care is proud to announce the sale of a modern purpose-built care home located in the South Yorkshire town of Thorne, close to Doncaster. The profitable business is registered for 80 residents and current effective occupancy is c. 92%+ generating c. £59,745 revenue per week, annualised c. £3,106,000. Management accounts for a 8-month period indicates revenue of c. £2,161,000 and an adjusted net profit of c. £515,000. When annualised expected in the region of £775,000. Our client projects onwards profit in the region of £850,000+.
All of the residents' bedrooms have en suite wet room facilities and the home is well presented. The service is rated Good by the CQC and management run.
The service has been acquired by a regional operator and NGA Care generated multiple bids on this excellent care home. The demand for quality care homes continues to outstrip supply and we urgently require more care homes. If you are considering a sale please contact our managing director Nick Greaves in confidence on 07943 107 887.
