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BUSINESS REFERENCE : CU023 / RightBiz CU023-NORTH WEST-£ 3,730,000-FULLY REGULATED RESIDENTIAL CHILD CARE BUSINESS | | | | | | Fully Regulated Residential Child Care Business Ref.CU023 Location North West Asking Price £ 3,730,000 Confidentially offered for sale | | | BUSINESS LOCATION: | Undisclosed Relocatable UNITED KINGDOM | | BUSINESS SECTOR: | Care | | TRADE TYPE: | Childrens Day Nursery | | SALE: | Agent Sale | FREEHOLD: | £3730000 | | | | | | | | | | | BUSINESS DETAILS: | Business profile:
This very significant business was established by our clients some 10 years ago and provides twenty-four hour residential care for children between the ages of eight and eighteen with emotional and behavioural difficulties. With 35 years of residential childcare experience behind them the vendors strongly believe that small, non-institutionalised children's homes that cater for 1 - 2 young people and offer a safe, nurturing environment are the best way to help and support vulnerable and damaged young people and set up the business to provide such a service.
Based in the North West the business presently operates five small homes throughout the region and beyond offering young people not only safety and care but also semi-independent training in life skills, preparing young people for their move to future independent living. All the residential units are in superb condition, are well equipped and meet all the necessary regulations and guidance notes as you would expect from an award winning organisation such as this. The business currently cares for 11 children.
All homes are registered by Ofsted/Care Commission and this business has been awarded the Quality Standard Award by NAIRC, thus demonstrating a high standard of accommodation and childcare. The business also holds the Investors in People Standard which it has had since 2005.
This is a professionally managed, profitable company with a well-established and highly trained caring workforce. It has established an enviable reputation for providing a positive, safe and non-judgmental environment where young people can experience stability and find encouragement to grow and develop and work towards mature adulthood. The business takes children from social services throughout the UK, such is its reputation.
Equipment:
All homes are fully equipped to a high modern standard with all the necessary fixtures and fittings and furniture to ensure the young people are best cared for. The business also has a fleet of vehicles to enable the safe transportation of children.
Quality Assurance:
As already stated all homes are registered by Ofsted/Care Commission. The business has been awarded the Quality Standard Award by ICHA, thus demonstrating a high standard of accommodation and childcare. It also holds the Investors in People Standard thus showing that the company invests in its workforce and provides an environment that encourages staff development and retention. As part of this the business has comprehensive internal procedures and policies documentation to ensure consistencies and professionalism throughout the homes, copies of which are located within all their residential homes.
Key Strengths:
This very well established business has built up excellent relationships with the Health Boards and Social Services departments who regularly use its services. Such is its reputation that it has a substantial waiting list for young people who need the comprehensive services this business provides. It offers and delivers services to the young people in a flexible way that encourages and promotes the development of skills both practical and personal which are necessary for successful independent life in the community in the future.
The business has developed open and honest channels of communication with all professionals involved with the child and the necessary relationships with Placement Officers and officials involved in the placement of young people in care. The staff and management team are all suitably qualified and committed to ensure the business has all the necessary ratings and accreditations to ensure the future well being of the children it cares and improve income and profits for its new owners.
Commercially this is a niche market requiring very specific and demanding skills and as such the fee income is both consistent and high.
Clients:
All referrals come from, Local Government Special Education / Needs Departments, and Social Services Departments throughout the UK. (England, Scotland and Wales).
Premises:
Full details of the 5 residential properties can be provided upon request. Combined freehold value is circa £1,730,000.
All the properties owned by the business are in excellent condition and are maintained and furnished to a high standard.
Business Hours:
Office Hours Monday – Friday: 0900-1700 plus out of hours number
Residential care is 24/7 365 days a year
Advertising and Marketing:
The business currently has a selection of informative marketing material including a comprehensive website, Dvd and information pack it can send out to authorities as and when requested. In the past the business has also sent out e-faxes to authorities when a vacancy has arisen
Financial profile:
The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler.
The business achieved turnover of circa £2Million last financial year. Resultant Operating Profits circa £590,000. Projected EBITDA(Earnings Before Interest Tax Depreciation and Amortisation) for 2008 circa £650,000. The freehold properties are values at circa £1.73Million. Fleet of vehicles is valued at circa £50,000. Full financial details can be provided subject to completion of Turner Butler Confidentiality Agreement.
Growth and Expansion:
There is a significant and growing demand for this specialized residential care. The business has a clear strategy for growth based on the absolute knowledge of increasing demand for its unique services.
Support and Training
A comprehensive handover is available and the time frame can be agreed as part of the sale transaction.
Reason for Sale:
The current owners wish to pursue there other business interests and passions They also feel that the business would benefit from a new injection of energy and enthusiasm to take it through its next period of growth. | | | | | | FOR SALE | | | | | SELLER: | TURNER BUTLER | | CONTACT: | 01895 25 6000 | | REFERENCE: | CU023 / RightBiz | | ENQUIRIES: | | | | | | | | | | | | | | | | | | | | |
