Search Care Homes

Clustered group of residential care homes East Midlands
£1,750,000

Two well-presented residential care homes for the elderly
Clustered for operational efficiencies
Registered for close to 50; 65% en suite provision
Combined effective occupancy 86% Apr 2024
AWF c. £756; fee range £649 - £845
Current weekly Income c. £28,029; Annualised c. £1,457,514
Fair Maintainable Operating Profit c. £305,000 (21% CRR revenue)
Registered manager in place
Ideal FTB / bolt on for existing operator
EPC rated exempt & D , Council tax bands G and G

NGA Care are proud to offer for sale a group of elderly care homes conveniently clustered in the East Midlands. The management run businesses are well presented and would be ideal to new entrants to the sector or an acquisitive local/regional operator. The homes trade with good occupancy levels with current income annualised of c. £1,457,000. We calculate a FMOP of c. £305,000+. Total registered beds is close to 50 with c. 65% en suite provision across the services. Early viewing highly recommended.