Asking price: £500k < 1m

Sales revenue: Undisclosed

Net profit: Undisclosed

Fixtures value: Undisclosed

Stock value: Undisclosed

Business description
This represents an excellent opportunity to continue to open for trade or as additional capacity for an existing care business.The owners began developing the home approximately 18 months ago and have invested heavily in preparing the property and obtaining planning consent and CSCI registration. Family circumstances are forcing the sale before it has commenced trading.

The business consists of a residential home with 6 registered places for Adults with Learning Disabilities. Local fees range from £1,000 to £3,000 per week.

As a guide, based on £1,500 per week and at 95% occupancy the existing residential home spaces should produce revenues of around £444,000 per annum and an EBITDA of around £222,000 per annum (50%).

The building has existing rooms that could easily be converted to provide another four or five client rooms which would increase business plan projections of revenues to around £756,000 per annum producing an EBITDA of around £438,000 per annum (58%).

Property: Freehold

Living accomodation
One bedroomed self contained apartment is allocated in the second floor of this substantial house.This can also be converted to add a further two rooms subject to registration.

Location
The residential home is presented in exceptional condition having been completely renovated to a high standard. It is freehold forming a substantial fully modernised and adapted detached house in a suburban environment. It is virtually completely equipped and ready to open.

Expansion potential
The potential for expansion comes from existing bedrooms and bathroom on the second floor and (simple) conversion of the office space currently on the ground floor. There is also an attached large garage space and a converted basement space offering further potential.

Reasons for selling
Personal Circumstances

Related website: www.equittex.com

Related documents

		Sales Memorandum