Chandler & Co

Highly Profitable EMI Nursing Home For Sale

NGA Care
Date Posted: 04/03/2019
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Beds: 1
Guide Price: £4,400,000 (Freehold)
Single Beds: 1
Reference: NGA 811
Rare opportunity to acquire an award winning purpose built EMI nursing home with Good CQC rating. 100% occupancy (October 2019) with AWF £1,212 generating circa £50,941 per week. Projected annual income circa £2,600,000 with a forecast EBITDA of circa £700,000 (26.7%). FY18 turnover c. £1,837,000 with adjusted net profit of c. £500,000 whilst business was evolving to current trading model. Income YTD Jan - June 2019 £1,155,894 with an adjusted net profit of c. £319,198. Monthly income May 19 £218,393 and June £224,411. Waiting list for admissions and planning permission granted to increase beds to 73. Run under management. Excellent bolt on opportunity with tremendous future potential. Please visit our website and register your details: www.ngacare.co.uk

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Chandler & Co