Freehold Learning Disability Home For Sale - Bedfordshire, United Kingdom

Asking price: £900,000

Sales revenue: £300,000

Net profit: £140,000

Business description: Phoenix is delighted to place onto the market this very well presented and profitable learning disabilities home. This business was established in 1986, by our clients who are a husband and wife team. They offer residential and some day care for adults with learning disabilities. They deal with residents who are aged 35 and above. The business employs 10 full and part time staff who are all qualified as well as a manager who is undergoing training in order to run the business on a full time basis. One of the owners is involved in the business on a full time basis and the other part time. In all there are 13 bedrooms offered for residents and the business enjoys virtual full occupancy. All of the residents have alternate day care arrangements between 9.00am and 4.00pm and are looked after by the concern on a full time basis outside those hours and week ends. All of the residents are social services our clients have not tried to break into the private market. The business is extremely profitable with turnover in excess of £300,000 and staff wages including management is in the region of £100,000. The net profit is a very impressive £140,000 for this year. The premises itself have been recently re-furbished with a new fire alarm system and double glazing throughout. The concern has huge potential especially by tapping into the private sector. At present the average fee per resident is in the region of £500 - £600 although that could easily be increased and has not been reviewed for many years. Our clients would be available for a business familiarisation period and those instructed are informed that all the staff would stay on after a sale of the business.

Years established: 23 years

Employees: 10 full and part time staff

Property : Freehold

Living accomodation: Property Details The property consists of two large semi-detached Victorian buildings, which are double glazed throughout. Property Number 41: Ground Floor Hallway, Lounge, Kitchen, Shower room, Separate toilet, 3 Single rooms First Floor 3 Bedrooms, Lounge/Dinner, Kitchenette, Bathroom, 2 further bedrooms, Toilet Property Number 39: Ground Floor Entrance hall, Large lounge, Kitchen, Separate toilet, Staff Room, Dinning room, Full nurse call system First Floor 5 Bedrooms, Bathroom, Separate toilet External To the front concreted, Walled garden with gate To the rear Large patio garden with smoking area, seating facilities

Location: This business is situated in what were formerly two semi-detached residential houses which have now been divided into two flats and numerous bedrooms. The property lies on the corner of Spenser Road and is a very quiet residential area. The town centre with all its amenities lays only ½ a mile away and the main line railway station is only a 10 minute walk. There are numerous shops very close by including a Sainsbury’s superstore. The location is extremely tranquil and quiet and is ideal for this type of concern. There is parking immediately outside the premises. Bedford itself is well linked to Milton Keynes and other parts of the country.

Reasons for selling: Retirement