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1 Purpose Built Nursing Home & 2 Purpose Built Care Homes in The North East of England

£3,500,000

REF: 50977

Healthcare

Freehold

Yorkshire
Contact us to arrange a viewing
Project Lori provides care within its care homes for service users with dementia, mental health conditions, and physical disabilities.
A total of 78 single bedrooms across all three properties all including en-suites.
Turnover of £2,907,366 for year-end 2024 with an Adjusted EBITDA of £349,404.
Currently occupied at 76 service users.
90% local authority clients 10% private.
One 43 bed nursing home, One 17 and 18 bed residential care home.
BnM worth in the region of £1,400,000.
This business operates with 78 service users across 3 freehold properties.
Potential to build a 20 bed extension for homes of the homes.
There is a second-tier management team in place who run the day to day operation of the business.
Has registered manager in place.
The business is accredited a ‘Good’ rating by the Care Quality Commission.
Has a sponsorship licence in place.

Redwoods Dowling Kerr are delighted to present Project Lori a group of 3 care homes based in the North East of England. The business is well-established and offers its services across the region. The vendors now wish to retire, with the business representing an excellent acquisition for an existing operator within a similar sector or a new market entrant. Business is available on a freehold basis. Please contact us for further information using reference number 50977 or quote Project Lori.

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