Profitable East Midlands Residential Care Home
£2,950,000

Early expressions of interest are invited as NGA Care are soon offer for sale, a well presented residential care home for the elderly located in the East Midlands. Registered close to 50, 22 rooms have ensuite WC facilities. The management run home has an excellent reputation and is rated Good by the CQC. FY22 revenue was c. £1,587,000 which generated an adjusted net profit of c. £440,000. Current run rate annualised income indicates c. £1,654,000 so we forecast profit to increase in FY23. The home is positioned on extensive grounds approaching 2 acres and has potential for further development (STP). Retirement sale. Council tax band H and EPC rated TBC. Ideal bolt on for an existing operator or first time purchase.