Date Posted: 12/09/2023
Property Status: For Sale
Management Type: Owner operated
Region: East Midlands
Guide Price: £2,950,000 (Freehold)
NGA Care are delighted to offer for sale a portfolio of purpose built care homes conveniently clustered in the East Midlands. One offers residential care and the other is a care home with nursing. The management run businesses are profitable and well presented. Registered overall for close to 60, the homes have good occupancy and combined weekly revenue of c. £54,000, which annualised is c. £2.78m. FY23 income c. £2.6m with an adjusted net profit of c. £400,000. Approximately 50% of the bedrooms have en suite facilities. The opportunity is an excellent bolt on opportunity for an existing operator or a new entrant. EPC rated C & D and Council tax rated H & G.
Early expressions of interest are required to avoid disappointment.