Residential care home in West Midlands town SOLD
DONE DEAL!
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- Well presented elderly residential home
- Registered for 22
- 19 bedrooms, 5 en suite WC
- AWF c. £556, annualised income c. £578k
- Current occupancy 20 (21.01.22)
- FY21 Income £480,781
- FY21 Adjusted profit c. £138,000.
- Registered manager in place
- CQC rated GOOD
- EPC rated B
NGA Care are delighted to have completed the sale of a well presented residential care home situated close to Stourbridge town centre. Registered for 22 with 19 effective bedrooms (en suite to 5), this management run business offers excellent growth potential. The home has an excellent reputation within the town, with the local commissioners and the latest CQC inspection report found the service as Requires Improvement overall. Occupancy was strong with enquires pending; annualised income c. £578,000.
After the sale completed our client commented: "I just wanted to say a big thank you to NGA Care for assisting to complete the sale of my business. I would highly recommend the company, Nick you have been most helpful and nothing has been too much trouble. I have received a thoroughly excellent and professional service going over and beyond at times. When I comes to sell my other care home I would most definitely come back to you."
The business was acquired by a new entrant to the sector. We wish both our client and the new directors of the company all the very best for the future.NGA Care generated multiple offers on this business with many buyers missing out, therefore we require more care homes in the West Midlands and England in general for our extensive database of funded buyers. Call Nick Greaves in confidence on 07943 107 887 to discuss the market and how NGA Care can assist your exit plans.
