Elderly & Dementia Residential Care Home Within M25 For Sale

Business description

Located within M25. Earnings capacity at current fee levels approx. £386,000pa (95% Occupancy) with Net Maintainable Earnings (NME) of £173,000. Currently 16 beds situated on 2/3 acre plot.

Property information

Property:

Freehold

Premises details:

The Company
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The current owners have been in place for more than 16 years and have developed local and regional reputations with placing authorities for effective and long term service provision.

Personal circumstances of the current owners create 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 staff are well established at the home and the relaxed interaction with the service users creates a friendly and unhurried atmosphere, promoting independence for the users.

The Property
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Is freehold forming a large detached period home within walking distance of local shops and a local railway station. Bedroom accommodation is single apart from one double bedroom. Nine of the rooms have en-suite facilities. There is a large combined lounge and dining area and a conservatory overlooking the garden to the rear. There is also a kitchen with separate utility room.

Parking facilities are available to the front of the house.

Current registrations are for 10 users with Dementia over 65yrs, 3 users with Physical Disability over 65yrs, and 16 registrations for Old age (not falling within any other category).

Financials
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The turnover for YE 2008 was £334,621 with NME of £134,156. These figures are slightly below the previous 3 year’s averages which are T/O of around £350,000 and NME of around £151,000.

With a push to raise occupancy to maximum, turnover at the current fee levels would be approximately £386,000papa (95% occupancy) with NME of approximately £283,500

Other information

Expansion potential:

To the rear is an enclosed mature garden with the total plot at approximately 0.7 Acres. The large rear garden creates an opportunity for expansion and subject to planning permission could allow the addition of a further 16 beds bringing the total to 32.

Reasons for selling:

The Home trades as a partnership and is instructed for sale by way of an asset sale to enable the owners to retire.

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:

• 
• 000192a Sales Memorandum v2.0