Residential Care Home For 16 Elderly Sussex Coast For Sale

Business description

Registered with CQC for the care of sixteen service users aged 65 years or over.

Full at time of our inspection and with a high proportion of privately funded service users. Average fee £499.

Accounts show an annual fee income of £376,471 with earnings before interest, taxation, amortization and depreciation of £192,781 to the working owners. We estimate an ebitda of £150,000 p.a to new owners who may wish to employ a full time manager and increase the staffing levels.

Seven service user’s bedrooms to the ground floor and a further nine to the first floor. Twelve of the rooms have en suite toilets and all have vanity wash basins. ‘Stannah’ chair lift installed.

Substantial and well presented lounges and a dining room. Mature enclosed gardens.

Meeting standards as per Care Quality Commission inspection January 2012.

Property information

Property:

Freehold

Location:

Situated to a premier seaside resort on the Sussex coast. A short stroll from the town center, the main railway station and convenient for the seafront promenade. The home is located in one of the town’s premier residential districts set amidst many fine private houses some of which have been converted to apartments.

Premises details:

The home comprises two detached dwellings which have been converted into a single home, with purpose built adaptation for the current use. The substantive part of the property is of traditional brick construction with an attractive black n white timbered façade under pitched tiled roof. The adjacent property has white render finish to the exterior walls.

Registered to accommodate up to sixteen service users in single bedrooms, twelve of which have en suite toilets and all have vanity washbasins. The home is centrally heated with double glazed windows in most areas.

There is a spacious lounge, a dining room and a further sitting room to the first floor. Service user’s bathrooms with chair hoists. In addition there is a manager’s office, staff room; a well equipped catering kitchen, and a health and beauty treatment room. To the second floor there is a two bedroom managers flat.

Business Operation

Reasons for selling:

Retirement.

Other information

Support & training:

Post completion support available

Financing available:

Funding is available at very competative rates, typically a loan to a maximum of 70% of the purchase price is available subject to status. For a free no obligation quote please contact the selling agent Ashley Tate Limited.