Purpose-built Care Home with Nursing East Midlands
£3,000,000
-
992
- Purpose-built care home with nursing
- Registered for 40+
- Consistent high occupancy; AWF £1,056; Weekly income c. £41,197
- Q1 FY25 (June 24) income c . £557,533
- Q1 FY25 (June 24) Adjusted Net Profit c. £126,000
- Annualised Adjusted Net Profit c. £500,000
- Management run, CQC Good
- Genuine retirement
- EPC rated C; Council tax band H
- Ideal bolt on or FTB
NGA Care are proud to offer for sale, a well presented purpose-built care home with nursing for the elderly located in the East Midlands. The management run home has an excellent reputation and is rated Good by the CQC. Situated in an affluent location which attracts a high proportion of privately funded residents with an average weekly fee of c. £1,056. FY24 revenue was c. £2,040,621 which generated an adjusted net profit of c. £430,000. 3 months management accounts to end June 24 indicate revenue of c. £557,500 with an adjusted EBITDA of c. £126,000; which annualised is c. £500,000 - with further cost saving potential. Lapsed planning for 6 bed extension. Retirement sale. Council tax band H and EPC rated C. Ideal bolt on for an existing operator or first time purchase.
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