Chandler & Co

Profitable purpose built care home with nursing

NGA Care
Date Posted: 20/02/2020
Property Status: For Sale
Management Type: Manager operated
Region: East Midlands
Beds: 47
Guide Price: £2,700,000 (Freehold)
Single Beds: 47
Reference: NGA 847
A well-presented management run purpose-built care home with nursing. The home has 47 single bedrooms, with en suite to 18 bedrooms. Planning is secured for an additional 7 bedrooms and day space offering further growth potential. Prominently located in a popular village, the home enjoys consistent high occupancy and is rated as Good in all areas in the latest CQC report. The business has an excellent relationship with the local commissioning teams and attracts a high number of privately funded residents. As of 20 May 2020, the home has 45 residents with an overall AWF of c. £644, this generates circa c. £29,057 revenue per week, annualised c. £1,510,000. Management accounts indicate growth with FY20 trading period saw income of £1,449,330 and a healthy EBITDA of £323,722. As of 20.05.20 the home has ZERO Covid 19 cases. Early viewing is highly recommended. Visit our website for further details and to register your requirements www.ngacare.co.uk

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Chandler & Co