Residential Home For People With Learning Disabilites For Sale

Business description

London area within M25. Current revenue of £314,344pa with approximate Net Maintainable Earnings (NME) of £103,878pa. Currently 7 beds. Option to buy adjoining property.

Property information

Property:

Freehold

Premises details:

The Company
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The vendor has owned the property for the last 20 years and wishes to retire from the care industry.

This creates an opportunity for the new owner to undertake expansion of the business to grow the earnings and leverage the profitability.

The Staff
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The company has an organised structure suitable for current and extended turnover to support revenue growth. The staff are very well established and thoroughly understand the needs of the service users.

The Property
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Is a freehold property set in a residential area within walking distance of local amenities.

The home is a large house with three floors. The top floor is for staff accommodation. There are three single rooms and two shared bedrooms for residents. There is a lounge, dining room and a quiet room. There is of street parking to the front and a large patio area with lawn to the rear.

Financials
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We are currently awaiting the accounts YE 2009 but as a guide the YE 2008 turnover was £314,344 with NME of approximately £103,878pa.

With the addition of 6 beds from expansion into the adjoining property, turnover at the current average fee levels would be approximately £536,950pa (95% occupancy) with NME of approximately £214,780.

Other information

Expansion potential:

An adjoining property (currently a terraced house divided into flats) is currently also owned by the vendor. A recent surveyor assessment has found that the 2 properties could easily be amalgamated and would provide an extra 5-6 bedrooms. This arrangement also allows for separate registration if required.

Planning consent:

The Care Home has planning permission for a conservatory to the rear of the property.

Reasons for selling:

The business trades as a Sole Trader and is instructed for sale by way of an asset sale to enable the owner to retire from the industry.

Financing available:

The current economic situation has, of course, made access to funding a little more difficult for most people, however Equittex have direct access to a number of mainstream and alternative funding providers and partners.

So if you are interested in making an acquisition (via Equittex or otherwise) please send us a quick email and we will be delighted to help if we can.

Related documents:

• 
• 000223a Sales Memorandum