07943 107 887
care homes for sale

Well Presented Profitable Residential Home East Midlands
Offers Invited

  • 909
    Well Presented Profitable Residential Home East Midlands
  • Well presented and extended residential care home
  • 35 effective bedrooms 80% en suite
  • 91.4% occupancy Apr 22
  • AWF c. £822, majority private payers (9% increase in May 22)
  • CRR annualised income c. £1,347,000
  • FY21 income c. £1,223,504
  • FY21 Adj. net profit c. £446,679
  • Registered manager, CQC Good
  • Substantial plot, potential for further development
  • Retirement sale

NGA Care are delighted to offer for sale a well presented residential care home for the elderly located in the East Midlands. The home has 35 effective bedrooms with 80% having en suite facilities with a mix of wet rooms and en suite WC. The management run home has an excellent reputation and is rated Good by the CQC. The home continues to have strong occupancy and the residents are majority privately funded, with most local authority funded clients paying a top up. Weekly fee income of April 22 c. £25,908 which annualised indicates c. £1,347,000. Our client is increasing private fees by 9% from May 2022. The substantial plot provides the opportunity for further development with the potential for an additional stand-alone care facility (STP & CQC). The family owned business has come to market only due to our clients pending retirement.

Well Presented Profitable Residential Home East Midlands
Sale Type: For Sale
Ref #: 909

P: 07943107887

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