Date Posted: 20/07/2021
Property Status: For Sale
Management Type: Owner operated
Region: East Midlands
Guide Price: £1,625,000 (Freehold)
Reference: NGA 897
NGA Care are delighted to offer for sale a well presented care home with nursing located in an affluent east midlands suburb. The home is rated GOOD in all areas by the CQC and as of July 2021 the home was operating at its effective bed capacity. FY20 adjusted EBITDA was c. £327,000; revenue was £931,341. Management accounts for the 7 month period to end April 2021 indicated total income of £606,912 (inc. Covid grant of £29,067) and EBITDA of £220,502.
There is further expansion potential with a floor (serve by shaft lift), that is currently used for storage that could be reconfigured for an additional 3 bedrooms. Genuine retirement sale. Early viewing advised. EPC rated C.