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Specialist Children's Care Provider located in Staffordshire. Two freehold sites and five leasehold sites included. Turnover £1.9 mill with huge potential to increase in this expanding market place. Management team in place to take care of the daily operational duties. LTD CO sale.
Veritas Business Sales are delighted to offer for sale this respected Children's Care provider which has sites across Staffordshire. They offer two to one residential accommodation for children aged between eight and eighteen years of age. The business was established by our client back in 2001 and is now reluctantly being offered for sale so that they can enjoy a well-deserved retirement. Since ownership there has been continual investment on the freehold properties to include new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business is overseen by the owner but operates day to day by an assistant Director and a team of 40 staff members. A prudent infrastructure is in place to ensure that the business can continue to be operational without an owner operator. The responsible individual takes care of the day to day running of the company and he is prepared to stay under new owners. For year ending 30th April 2020 the turnover was £1,586,073 with a GP of £487,477 and a healthy net profit of £145,936. April 2020 to 2021 is expected turnover of £1,912.000 due to expansion.
The current model used is one resident to each home which works well and nationwide there is a shortage of solo beds. The location of the new homes will be paramount and there are opportunities to expand to the east of Stoke- on-Trent. The Burton-on-Trent or Derby areas have excellent facilities such as main roads in and out of both towns which are close to head office. The infrastructure is already in place for the service to be developed and employment for residential workers is stronger in the new locations. They have built a great reputation with local authorities and have the capacity to increase from seven beds to over 20 beds. This is a superb opportunity for an existing operator or new operator looking to enter the market place for an established care facility and as such early viewing is highly recommended as this is not to be missed.
Located across Staffordshire
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