Residential Nursing Home For Older People For Sale

Business description

South East coast. Earnings capacity at current fee levels approx. £666,900pa (95% Occupancy) with an estimated Net Maintainable Earnings (NME) of £283,500. Currently has 27 bed spaces with potential for expansion on a large plot.

Property information

Property:

Freehold

Premises details:

The Company
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The vendors have owned the property for over 5 years and wish 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 just over 1/3 of an acre, in a residential area within walking distance of the local high street and railway station. GP and dental surgeries are also easily accessible.

The home is on two floors with a shaft lift and stair
lift giving residents access to all parts of the home. There are 21 single rooms and 3
double rooms with no en-suite facilities, although there are two assisted bathrooms, an assisted shower and a number of assisted toilets. There is a separate dining room and a large lounge looking out to the rear garden that is accessible to wheelchair users.

Financials
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Accounts YE 2008 show a turnover was £525,881pa with NME of approximately £166,154pa.

With a push to raise occupancy to maximum, turnover at the current fee levels would be approximately £666,900pa (95% occupancy) with NME of approximately £283,500

Other information

Expansion potential:

The rear garden of the property allows ample space to extend the Care Home (subject to planning) to increase the capacity to above 30 beds. There are also outbuildings that have potential to be converted to supported living accommodation.

Reasons for selling:

The business trades as a partnership and is instructed for sale by way of an asset sale to enable both owners 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:

• 
• 000220a Sales Memorandum