Prestigious 31 Room Nursing Home In Farnham Common For Sale

Business description

Phoenix Business Transfer Agents are delighted to place onto the market this highly profitable and prestigious nursing home which has been established for over 50 years. The business has been in the hands of the current owner for 25 years and they now wish to sell due to retirement.

This very good business opportunity provides a high degree of nursing care including dementia.

The concern employs 6 full time qualified staff nurses. In total 30 staff are employed including Carers, a cook and care staff. There has never been the need for agency staff at all, nor a problem hiring local staff. The owners have a very effective recruitment policy with a number of staff from abroad. All the staff team is loyal and long standing members. The salaries for 2009 are estimated to be in the region of £472,440.

There are a total of 31rooms of which 1 is a double. The occupancy levels are virtually 100% with a large waiting list. There is always a waiting list and the fees are the same for social services as for private patients. The fees are £750 per week. 15 of the rooms are en suite and the remaining 16 share 4 bathrooms. The presentation of the home is truly exceptional.

The business is fully managed with one of the owners as Matron, and the other owner takes care of the finances and other administrative duties.

The last CSCI rating was very good. The home holds to exceptionally high standards.

The concern enjoys its success through its recommendations and also has a website.

There is huge potential to increase the turnover and profits of the business. There is the opportunity to increase the number of rooms by up to 6, charge more fees and take on only private residents.

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required

Financial Details
The turnover for 2008 was approximately £1,055,511.The salaries for that year was approximately £428,000. The wages to turnover ratio is therefore very favourable. Full accounts are available upon request and after suitable financial qualification. The projected income for 2009 is over £1.1 million. The resent extension was only erected 2 years ago, so the full financial impact will occur during 2009. The net profit for 2009 will be in the region of £278,000
This is with a loan charge of £135,000.

Property information

Property:

Freehold

Location:

This superb business opportunity is situated in the town of Farnham Common near Slough in the County of Bucks. It lies in a particularly secluded area on a quiet residential road. Farnham is a very affluent area within the commuter belt. All local amenities, a bus stop and mainline train station lie close by. The M4, M25 and M40 motorway are all only minutes away. The concern deals mainly with the South Bucks and Berkshire social services.

Premises details:

This property is a huge detached property in a very impressive setting. Upon entrance there is a reception area, with a laundry and large kitchen. There is a very large lounge and a dining area as well as a conservatory. There is also a nurses station and 2 food stores on this floor. A lift covers 2 floors. The office is to the rear. There are 15single occupancy rooms on the ground floor. All rooms have high quality electric beds and the home is immaculately presented.

First Floor
There are 15 rooms on this floor.
Second Floor
On this floor there are 3 offices, a staff rest room, a bathroom with a shower, and a kitchenette.
External
The detached property has a very large front which has ample parking.

Other information

Expansion potential:

There is huge potential to increase the turnover and profits of the business. There is the opportunity to increase the number of rooms by up to 6, charge more fees and take on only private residents.

Support & training:

The owner would be available for a business familiarisation period of one week for the benefit of the new owners if required

Reasons for selling:

Retirement sale.