TWO CARE HOMES – NORTH WEST

£1,600,000

REF: 40309

Healthcare

Freehold

Two elderly care homes, registered seperately for 24 & 22 residents.

Fee income for y/e Dec 2017 at £969,850 with adjusted net profit at £319,806 for the year. (34%)

Well established business with fully qualified management teams in place

Advised planning permission granted for extension, management in place.

An opportunity to acquire two delightful Residential Care Homes for the elderly which both occupy convenient and accessible locations in Lancashire.

The first Care Home is an established and highly renowned home which is registered for 24 residents and is conveniently located.

The second Home, is a well known Residential Care Home for the elderly which is registered for 22 residents located in Lancashire.

The two Homes have successfully operated in the respective localities for many years and during that time they have earned truly enviable reputations for providing excellent standards of care and support within warm, friendly environments.

The Homes subsequently enjoy regular referrals and recommendations. Both the Homes demonstrate excellent trading record with historically high occupancy at or near to capacity.

There is an experienced management team and compliment of qualified staff in place in place at both settings which is another factor of the homes success and reputation.

The portfolio of Homes is extremely lucrative producing high levels of fee income and associated profitability. The businesses are operated with a high level of staff involvement and therefore offer terrific potential for an ambitious and focused operative who can strengthen the financial profile of the business yet further.

We are advied that there is also a superb opportunity for an investor as the resources and procedures are already in place and the businesses could therefore be operated remotely generating a healthy financial return.

Plans have also been passed at the first Care Home for an extension to create 16 en suite bedrooms which would increase the fee income and ultimately enhance overall profitability.

This is a rare opportunity to acquire two well established and highly renowned freehold Residential Care Homes which are extremely profitable and situated within popular and accessible locations. To avoid disappointment, viewing is highly recommended.

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