Date Posted: 24/01/2024
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Guide Price: Best Bids Invited (Freehold)
NGA Care are delighted to offer for sale a group of elderly care homes conveniently clustered in the East Midlands. The award winning management run businesses are highly profitable and well presented. The homes trade with high occupancy with current income annualised of c. £2,936,000. 3 months trading to 31.12.23 saw EBITDA of c. £143,000 from revenue of c. £776,000 whilst trading with prohibitive Utility costs of over £67,000, huge savings and increased profit now to be made following switch of Utility supplier in Dec 23. Planning granted for an extension and additional income being generated from a block of apartments that have further potential. This would be an ideal bolt on for an existing operator, share sale, genuine retirement sale.