Group of Two Care Homes – Co. Durham

£1,700,000

REF: 45200

Learning Difficulty

Freehold

Group of 2 impressive and highly lucrative care homes, offering residential and nursing care, registered for 44 residents, with 9 en-suite bedrooms

Catering for Learning Disability and nursing, with 28 en-suite bedrooms Advised combined fee income for 2018 £1,266,650 per annum, ANP £138,231 (10%)

Peaceful yet accessible locations, enviable reputations, high occupancy levels Superbly appointed, substantial dwellings inc purpose built site, viewing recommended

Management in place for both homes Good CQC report

This is a rare opportunity to acquire a group of two impressive care homes, which are located in the desirable district of County Durham in the North East of England.

The first of the homes, was established by the present owners 32 years ago and provides residential care for up to 14 residents with learning disabilities.

The home is located within a short distance of a selection of local amenities, with public transport facilities close at hand.

The second home, is an impressive purpose built home providing both nursing and residential care for the elderly, which is situated in a picturesque village. The second site is located a short distance from the village centre with its amenities and is ideally placed for public transport facilities and the main commuter routes.

The two family owned homes have earned truly enviable reputations for providing the highest levels of care, support and dignity within a warm and secure environment. The businesses therefore demonstrate an excellent trading record, with historically high occupancy levels at or approaching capacity, whilst also enjoying regular referrals and recommendations.

There is an experienced management team and complement of qualified and longstanding staff members in place at both settings, which is another factor of the homes on-going success and reputation.

Both homes are superbly appointed with excellent quality décor and furniture, with additional facilities such as a flat screen multimedia system and a talking library, creating a comfortable and welcoming environment.

This group of two care homes is an extremely successful business, producing strong levels of fee income and impressive associated audited profits.

The homes are only now being offered for sale due to retirement and this first class business opportunity represents an ideal acquisition for an experienced operative within the care sector or would also be an interesting proposition for an investor.

To avoid disappointment a viewing is highly recommended.

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