Berkshire Care Home Reg 16 With All Singles For Sale

Business description

Well located detached Residential Care Home Reg16 in all Single Rooms (6 x en-suite). May be possible to extend further, subject to p.p. Run under management with a full compliment of staff. Fees £500 - £590 with 100% occupancy and turnover to end of May 2010 of £433,702 with EBITDA of £203,731. In the same owners hands for the past 17 years and understood to have an excellent reputation for resident care. Passenger Lift, Mobile Nurse Call, CCTV System, Parking for 7 – 8 vehicles and most attractive gardens. Excellent opportunity and strongly recommended for early inspection.

Property information

Property:

Freehold

Location:

Located in a good residential area within easy reach of shopping facilities and bus routes, rail services and many other recreational pursuits. Access to the M4 is within about 5 minutes drive providing fast and easy access to London and the M25 orbital motorway and there is a major town centre nearby providing excellent shopping facilities and a comprehensive selection of amenities.

Premises details:

The property is a substantial detached building and is believed to have been originally constructed in the 1980’s of brick relieved to the first floor by Tudor style rendered and beamed elevations, the original building being under a deep pitched roof. It has been extended in more recent years to the side and rear and has traded for around 17 years now as a Residential Care Home for the Elderly with all Single Rooms.

The Home currently operates with a Registered Manager and a full compliment of staff with the owners acting in a supervisory capacity. Fees are charged from £500 - £590 per person per week and due to the Home’s excellent local reputation 100% occupancy is maintained most of the time. The most recent accounts show a turnover of £433,702 with an EBITDA of £203,731.

The current owners have invested a considerable amount of time and money in maintaining good standards and making considerable improvements over the years. There may also be potential to extend further by 2–3 rooms more, subject to all necessary consents being obtained.

Recent improvements include the installation of solar panels on the roof which provide free electricity for the Home and produce an income from the grid of around £2,000 p/a. There is also a Passenger Lift, CCTV security system. Gas Central Heating serves most of the Home apart from 6 rooms which have electric heating and hot water provision.

Business Operation

Expansion potential:

Possibly extension potential for 2-3 more rooms, subject to consents.

Reasons for selling:

Retirement

Years established:

17

Other information

Furniture / Fixtures value:

£30,000 (included in the asking price)