Date Posted: 16/10/2023
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Guide Price: £2,950,000 (Freehold)
Early expressions of interest are invited as NGA Care are soon offer for sale, a well presented residential care home for the elderly located in the East Midlands. Registered close to 50, 22 rooms have ensuite WC facilities. The management run home has an excellent reputation and is rated Good by the CQC. FY22 revenue was c. £1,587,000 which generated an adjusted net profit of c. £440,000. Current run rate annualised income indicates c. £1,654,000 so we forecast profit to increase in FY23. The home is positioned on extensive grounds and has potential for further development (STP). Retirement sale. Ideal bolt on for an existing operator or first time purchase.
Contact NGA Care on 01858 450754 | 07943 107887 | ngacare.co.uk