Date Posted: 22/09/2020
Property Status: For Sale
Management Type: Owner operated
Region: East Midlands
Guide Price: £1,550,000 (Freehold)
Single Beds: 20
Reference: NGA 856
NGA Care are delighted to offer for sale an attractive residential care home is situated in a bustling East Midlands town. The extended property is well presented and has been owned by our client for the last 30 years and has come to the market due to their desire to retire.
The business has an excellent reputation for the care it provides and enjoys a mix of private and local authority funded residents.
The profitable business has seen income and profits at the following levels: FY19 Income £600,403; EBITDA £243,426 (40.5%) and Adjusted Net Profit £259,426 (43.2%), FY18 Income £602,758; EBITDA £274,153 (45.4%) and Adjusted Net Profit £279,153 (46.3%). FY17 Income £572,661; EBITDA £276,005 (48%) and Adjusted Net Profit £281.005 (49%). This is an excellent acquisition for a new entrant to the sector or an existing operator looking to acquire a quality profitable business. EPC rated D.
Visit www.ngacare.co.uk for further details.