Freehold Residential Care Home In Darlington For Sale

Business description

Freehold Residential Care Home

This is a well known and highly respected freehold care home, which was established in 1988 by the owner to provide specialist care to adults with learning disabilities.

The home operates from a beautifully appointed Victorian house providing 12 fully licensed bedrooms for local authority placed individuals, aged from 18 - 65. Full 24 hour continual residential care is provided by a team of qualified and skilled staff for disabilities such as autism and Downs syndrome. The home at present has eight residents with four spare rooms available. All of the residents have been placed by the local authority and are on long term stays.

The care home has been licensed and on the approved list for over 20 years and is in excellent working order, with all health & safety and hygiene standards required meeting local authority approval, together with all the essential disabled facilities in place. The home has a superb working relationship with the local authorities and a first rate name and reputation in the local area for the provision of quality residential care that meets individual needs of residents in an environment of the highest standard.

New owners can build on the good name and reputation of the business. An early viewing of this opportunity is recommended.

Financial Information:

The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.

Turnover is circa £287,166 with Adjusted Net Profits of circa £63,498, these figures can be substantially increased with additional residents. There are considerable assets, fixtures, fittings and equipment within the business. The freehold is included in the sale price.

Property information

Property:

Freehold

Location:

The care home is an imposing 19th century Victorian house set in well manicured gardens. The ground floor comprises of a reception hall and large residents lounge and dining room plus a fully functional, well equipped kitchen. The ground floor also consists of 8 bedrooms, a disability assisted bathroom, 3 toilets, a sluice room, a laundry room with commercial washing machines and a storage area. On the first floor there are 4 bedrooms, 2 bathrooms with toilets and a staff sleep over room. There is a utility yard at the rear of the building and ample car parking available.

There is an additional building available under separate negotiation, which could provide further accommodation for owner’s accommodation, further residential use or day care use.

Business Operation

Expansion potential:

This business has tremendous growth potential in an expanding and lucrative market. The care home has room for another four residents, which can bring in up to circa £60,000 per adult, per annum.

Reasons for selling:

The vendor now lives abroad for most of the year and would like to retire.

Employees:

The vendor now lives the majority of the year abroad. The home is run by a manager and two deputies with a senior care assistant and eleven care staff including night staff. The company secretary and accountant look after all of the financial matters for the vendor.

Years established:

1988