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Freehold Residential Care Home In Truro For Sale

Truro, Cornwall
Asking Price:
£950,000 Furniture / Fixtures included
Turnover:
£573,200
Net Profit:
£100K - £250K

Veritas Business Sales are delighted to offer for sale this respected 20 Bedroom Residential Care Home facility for elderly clients who require long-term residential care. The home also caters for diabetics, visually & hearing impaired residents. The business was established over 50 years ago and has been in the hands of our clients family for the past 31 years and is reluctantly being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in 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 annual accounts for year ending 31st March 2017 posted a turnover of £573,200 with a GP of £254,312(44%) with an EBDITA in the region of £163,659. The current owner has been at the helm since 2002 and employs the help of the registered manager, 4 heads of care and 20 full time staff. The owner is now looking to step down and as such, the opportunity now exists for a new owner, either as a first time entrant to the sector or someone looking to add to their portfolio, to continue the good work that our clients have already established. Their most recent CQC inspection report resulted in an overall GOOD rating with good outcomes in all five inspection areas. The business has historic accounts that show the business is trading consistently well with similar levels of EBITDA . This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Property information

Property:

Freehold

Location:

The St Georges Care Home is located in Truro, Cornwall. Situated on the outskirts of the city centre yet occupies a quiet and convenient spot within easy reach of all local amenities. Truro is the Hub of the county attracts many visiting tourists and is an ever expanding city with further expansion plans in both the east and west. Truro has a population of circa 20,000, is vibrant with plenty of bars & restaurants and benefits from a string of large Blue Chip retailers as well as niche independent retailers and boasts a stunning cathedral.

Premises Details:

Ground Floor
Main entrance with hallway and stairs to first floor
TV lounge (28.91 sq.m) with various arm chairs, large flat screen TV (Panasonic), various pictures and coffee tables.
Residents lounge (13.44 sq.m) with various armchairs.
Office (7.04 sq.m) with desk, chair, filing cabinets, printer (HP)
Nurse station
Kitchen (12.24 sq.m) comprising: stainless steel double sink unit, stainless steel prep tables, hot water dispenser, microwave (Panasonic), various fitted cupboards, 6 burner oven (Falcon), fresh milk dispenser, extractor unit (Ace), dishwasher (Maiaid), dual fryer, various kitchen utensils, upright fridge (Bartlet) and upright fridge (Bartlet).
Kitchen Store Room with various shelves, 2 upright freezers
Dining Room 1 (17.5 sq.m) with various tables and chairs.
Dining Room 2 (9.18 sq.m) with various tables and chairs.
Store Room
Laundry room (5.46 sq.m) with all the essential laundry equipment.
W/C, wash basin and fire escape.
W/C with shower.

Ground Floor
Residents Rooms
Room 12: 8.28 sq.m single room with washing facilities
Room 14: 8.75 sq.m single room with washing facilities
Room 15: 8.58 sq.m single room with washing facilities
Room 16: 13.64 sq.m single room with washing facilities
Room 17: 10.73 sq.m single room with washing facilities
Room 18: 12.58 sq.m single room with washing facilities
Room 19: 10.88 sq.m single room with washing facilities
Room 20 10.24 sq.m single room with washing facilities
Bath Room 6.08 sq.m with bath, w/c and sink
Toilet with w/c and fire exit

First Floor
Residents Rooms
Room 1: 14.08 sq.m single room with washing facilities
Room 2: 16.28 sq.m single room with washing facilities
Room 3: 16.02 sq.m single room with washing facilities
Room 4 :11.78 sq.m double room with washing facilities
Room 5: 9.45 sq.m single room with washing facilities
Room 6: 9.36 sq.m single room with washing facilities
Room 7: 8.75 sq.m single room with washing facilities
Room 8: 9.97 sq.m single room with washing facilities
Room 9: 10.56 sq.m single room with washing facilities
Room 10: 11.75 sq.m single room with washing facilities
Room 11: 15.84 sq.m double room with washing facilities
All rooms are fitted with central heating, TV points and a private telephone line

Ground Floor
Flat: 28sq.m comprising of
Bedroom
Lounge/Dining Room
Bathroom

Floor 1
Owners office (13.2 sq.m)
Staff bedroom (12.6 sq.m) with fitted wardrobes
Staff bathroom with shower, w/c and wash basin
External
Parking for 6 cars
Mature gardens
Storage Shed (24.2 sq.m)
Wooden storage shed
Boiler room

Business Operation

Reasons for selling:

Retirement

Years established:
50 years

Contact Information

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