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Highly profitable group of care homes East Midlands
Best Bids Invited

Well presented care homes
Specialising in residential dementia and care with nursing
Conveniently clustered in the East Midlands
Registered for 75+ beds
Current combined occupancy 92% Jan 24
Current weekly Income c. £56,459; Annualised c. £2,935,868
Annualised EBITDA c. £571,000+ huge savings to be made having switched utility supplier
Registered managers in place, CQC Good
Includes income generating block of apartments
Excellent bolt on opportunity, Share Sale

NGA Care are delighted to offer for sale a group of elderly care homes conveniently clustered in the East Midlands. The award winning management run businesses are highly profitable and well presented. The homes trade with high occupancy with current income annualised of c. £2,936,000. 3 months trading to 31.12.23 saw EBITDA of c. £143,000 from revenue of c. £776,000 whilst trading with prohibitive Utility costs of over £67,000 for that period, huge savings and increased profit now to be made following switch of Utility supplier in Dec 23. Planning granted for an extension and additional income being generated from a block of apartments that have further potential. This would be an ideal bolt on for an existing operator, share sale, genuine retirement sale.

Highly profitable group of care homes East Midlands

Sale Type: For Sale

Ref #: 986