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Well Presented Profitable Residential Care Home East Midlands
£3,500,000

Established residential care home
Majority beds en suite
High occupancy, AWF c. £1,038, affluent location
CRR annualised income c. £1,349,000
FY24 8 months income c. £794,944; adjusted net profit c. £293,500
FY24 annualised income c. £1,192,000 & adjusted net profit c. £450,000
CQC Good, strong staff team
Retirement sale
EPC rated C
Ideal bolt on or first time buy

NGA Care are delighted to offer for sale, a well presented country house style residential care home for the elderly located in the East Midlands. The majority the bedrooms have en suite facilities. The management run home has an excellent reputation and is rated Good by the CQC. Situated in an affluent location, the handsome property attracts a high proportion of privately funded residents with an average weekly fee of c. £1,038. FY23 revenue was c. £1,062,000 which generated an adjusted net profit of c. £403,000. Current run rate annualised income indicates c. £1,349,000. 8 months annualised adjusted net profit c. £450,000 (pre Jan fee increase). Also included is an adjoining property which is the well presented owners accommodation, this could be converted into care/assisted living accommodation (STP & CQC) or utilised as staff accommodation. Retirement sale. Council tax band H and EPC rated C. Ideal bolt on for an existing operator or first time purchase.