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1 purpose built nursing home & 2 purpose built Care Homes in the North East of England
1 purpose built nursing home & 2 purpose built Care Homes in the North East of England
Guide Price: £3,500,000.00 (Freehold)
Status: For Sale
Region: North East
Beds: 78
Reference: RDK50977
Reg. rating: Good
EBITDA: £349,404
Project Lori provides care within its care homes for service users with dementia, mental health conditions, and physical disabilities. A total of 78 single bedrooms across all three properties all including en-suites. Turnover of £2,907,366 for year-end 2024 with an Adjusted EBITDA of £349,404. Currently occupied at 76 service users. 90% local authority clients 10% private. One 43 bed nursing home, One 17 and 18 bed residential care home. BnM worth in the region of £1,400,000. This business operates with 78 service users across 3 freehold properties. Potential to build a 20 bed extension for homes of the homes. There is a second-tier management team in place who run the day to day operation of the business. Has registered manager in place. The business is accredited a ‘Good’ rating by the Care Quality Commission. Has a sponsorship licence in place.
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