Herefordshire Care Home Reg 15 Under Management For Sale

Business description

Detached Residential Care Home Reg 15 in all Single Rooms (9 en-suite) with p.p. to extend and increase by a further 4 rooms. Located in an excellent residential location within walking distance of this much sought after town, this Home has been in the same owner’s hands for the past 30 years and is a genuine retirement sale. The Home is running under management with the owners acting in a supervisory capacity and turnover for the year ending October 2011 is expected to be around £300,000. Communal accommodation consists of a Residents Living Room, Dining Room and Quiet Room.

Property information

Property:

Freehold

Location:

Located in an excellent location being within walking distance of this most attractive town centre with good shopping facilities and bus routes. There is access close by to the A40 giving access to Gloucester and also to the M50 which links to the M5 providing fast and easy access to Birmingham and Bristol.

Premises details:

The property is a substantial detached building having been originally constructed in the early 1800’s of whitened rendered brick elevations all under a pitched roof. It has been extended in more recent years to the side and rear and has traded for many years now as a Residential Care Home for the Elderly with all Single Rooms (9 x en-suite). The current proprietors have owned the Home for the past thirty years and are now wishing to retire.

The Home is currently running under management with the owners acting in a part supervisory capacity and it should be noted that the registration is currently for just Elderly Residents. Consequently, there may be more scope by changing all or part of the registration to other forms of care.

Size in square feet:

4,500

Planning consent:

Planning Permission has been achieved for an extension that would provide a further four en-suite rooms.

Business Operation

Expansion potential:

There is recently lapsed Planning Permission for an extension that would provide a further four en-suite rooms.

Competition / Market:

It should be noted that two larger Homes have recently closed in the area, reducing the number of local bed spaces available by 40 – 50.

Reasons for selling:

Retirement.

Years established:

30

Other information

Financing available:

Go to www.salmonfinance.co.uk

Furniture / Fixtures value:

£15,000 (included in the asking price)

Inventory / Stock value:

£1,000 (included in the asking price)