Chandler & Co

Profitable Care Home With Nursing Midlands

NGA Care
Date Posted: 01/12/2023
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Beds: 35
Guide Price: Best Bids Invited (Freehold)
Single Beds:
Reference: NGA929
NGA Care are delighted to offer for sale a profitable care home with nursing located in an East Midlands town. Well-presented and extended accommodation with 57% of the ground floor bedrooms being en suite. Management run with a registered manager in place. Currently trading at c. 31 residents, generating c. £31,744 revenue per week, annualised c. £1,650,000 with enquires pending. Management accounts for the twelve-month period to end April 23 shows income of c. £1,505,000 and an EBITDA of c. £182,000 for the same period. FY22 income £1,400,000 with an adjusted net profit of c £216,000. Retirement sale. EPC rated C.

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Chandler & Co