Date Posted: 23/05/2023
Property Status: Under Offer
Management Type: Manager operated
Region: East Midlands
Guide Price: POA (Freehold)
NGA care are delighted to offer for sale a portfolio of purpose built residential care homes conveniently clustered in the Midlands. Overall occupancy is at c. 90.5% and increasing, with strong levels of private paying clients. All are offered in good decorative order and run under management. This is a rare opportunity to acquire an excellent bolt on opportunity that offers trade uplift and further development potential. Current weekly income for the group is c. £80,485 following April 23 increase in fees. 6-month to Jan 23 EBITDAM c. £601,000 off c. £1,934,728 revenue, annualised c. £1.2m EBITDAM (pre fee increase). All homes are rated Good overall. Genuine retirement sale. Method of transfer is share sale.