This business is reluctantly being brought to the market as a result of retirement. The vendor has owned and run the business for the past 27 years.
Although the care home is owner operated there is an experienced management team in place to deal with the day to day running of the home.
Trading information for year ending February 2020 show a turnover of £730K and £720K in 2021; producing an EBITDA in the region of £155,000 in both years.
The home is run under management. A full staffing list will be made available to seriously interested parties on request.
There are currently 16 residents in situ with a strong level of private fee payers. Weekly fee rates range from £653.79 to £1,188.50 with the average fee currently £1,021.40.
Occupancy is currently 100% based on 16 bedrooms. Out of the current 16 residents, 11 are privately funded clients with the remaining being local authority funded. Additionally the home has a waiting list of potential residents.
The home is registered with the Care Inspectorate (registration number- CS2003009752.) for the provision of residential care to 17 older persons.