Clustered group of residential care homes East Midlands
£1,750,000
- Two well-presented residential care homes for the elderly
- Clustered for operational efficiencies
- Registered for close to 50; 65% en suite provision
- Combined effective occupancy 86% Apr 2024
- AWF c. £756; fee range £649 - £845
- Current weekly Income c. £28,029; Annualised c. £1,457,514
- Fair Maintainable Operating Profit c. £305,000 (21% CRR revenue)
- Registered manager in place
- Ideal FTB / bolt on for existing operator
- EPC rated exempt & D , Council tax bands G and G
NGA Care are proud to offer for sale a group of elderly care homes conveniently clustered in the East Midlands. The management run businesses are well presented and would be ideal to new entrants to the sector or an acquisitive local/regional operator. The homes trade with good occupancy levels with current income annualised of c. £1,457,000. We calculate a FMOP of c. £305,000+. Total registered beds is close to 50 with c. 65% en suite provision across the services. Early viewing highly recommended.