Nursing Residential Care Home In Stockton On Tees For Sale

Business description

This well established Nursing and Residential Care Home has been trading within the same family for over 22 years.

The care home offers accommodation for persons who require Nursing or Personal Care with Dual Registration.

The care home has been designed and furnished to a high quality standard with an array of traditional fixtures and features including the beautiful ceiling cornices which adorn most rooms.

There are a total of 26 Single bedrooms and 2 Double Bedrooms. The home is registered for a total of 30 residents. The occupancy level is currently at approximately 60%, however it has been considerably higher in the past. The recession as well as the governments stance on “assisted home care”, alongside the owners general slowing down of the business, have all contributed to the decline in residents. However, the business has now turned a corner and the potential for future income is huge.

The business has a tremendous reputation for its quality of care and has a good standing within its industry as well as within the local community.

The current owners have had the business for over 22 successful years and have been allowed a superb standard of living from the business. The current owners are now looking to retire from the business.
The business is currently ran and overseen by the owners, however they do also employ a head matron who oversees the day to day operations of the care home. Alongside this, there are in the region of 30 part time members of staff.

The care home has won a 5 star rating for its food hygiene award in January 2011, which allows any prospective purchaser to see the high standards that the current owners have been working to.

The business currently has a turnover in excess of £473,000, however has previously had a much higher turnover and shown adjusted net profits in excess of £100,000.

With the right new owners, the occupancy levels could be significantly increased and therefore the turnover and profits would also dramatically increase.

The ideal purchaser for this care home business would be either a couple or partnership who can work in the business themselves and therefore make some cost savings and maximise profitability.
The business would also be of interest to any care home group or portfolio who wishes to aquire a substantial care home business with a stunning property.



Business & Freehold - £2,100,000

Property information

Property:

Freehold