07943 107 887
care homes for sale

Well Presented Profitable Residential Home East Midlands
DONE DEAL!

Sold STC
  • 909
    Well Presented Profitable Residential Home East Midlands
  • 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 announce the successful completion of the sale of 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.

Former owner Gavin Vaughan comments:

"After the initial sale of our care home fell through, we decided to use a broker to help widen the net in the sale or our business. Our accountants recommended Nick Greaves and we were certainly not disappointed. He introduced alot of interested parties and several offers were made. However, price was not the only criteria important to our sale. We wanted to sell to somebody who would not only look after our business but treat our staff and residents with the respect and dignity they deserve. Our eventual buyer fitted the bill perfectly; he already had two care homes and is a well-respected health professional."
Gavin adds: "Selling a business is a stressful exercise. During the whole process Nick helped to alleviate these pressures by not only chasing up information from the buyer’s side but giving our team a gentle nudge as well. The whole process went through smoothly and we would like to thank Nick for the large part he played in that. We would not hesitate to recommend NGA Care to other care home owners looking to sell their business."

NGA Care generated strong levels of interest with multiple parties making bids, so we have many genuine buyers looking throughout the central England region for both residential and nursing homes.

THINKING OF SELLING? CALL NGA CARE TODAY ON 078943 107 887.


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

P: 07943107887