Date Posted: 25/04/2022
Property Status: For Sale
Management Type: Manager operated
Region: Scotland
Beds: 29
Guide Price: Guide Price £825,000 (Freehold)
Single Beds: 29
Reference: Mains House Care Home
• Located in small town, within an hours drive north of Perth and south Inverness, just off A9
• Modern care home, with purpose built extensions
• 29 bedrooms all with en suite showers and baths
• Bedrooms extend from 13 sq.m to 20sq.m (excluding ensuites)
• Number of ensuites can easily be adapted to wet room facilities
• Situated with 0. 7 Acres of Land, and therefore possible expansion opportunity
• Established Care Home business been trading for over 25 years
• Mainly provides residential care with 6 nursing clients
• Average Fee £881 as at March 22, subject to 5% increase in April 22
• 24 % self-funding residents
• Current occupancy 25, with 4 new residents pending,
• Turnover as at 31st March 2021- £1,200,000
• EBITDA as at 31st March 2021 - £165,000
• Currently making a loss of £15,000 pa due to very high agency staff bill over the last 6 months
• Agency bill is being reduced, with new staff being recruited , the property is expected to return to normal trading levels by the end of May 2022
• Preference for an Asset Sale, but a Share Sale possible