Detached Nursing Home in Lincolnshire - 47 Registered Beds, High Profits, Full Management & Expansion Potential
Undisclosed, Lincolnshire
- Status
FOR SALE
- Date Submitted:
21/03/23
- Advert ID
510424
- Reference
CH4343 / Rightbiz
- Call Agent:
- Freehold: £2,575,000
- Turnover: £1,442,309 (£27,737 Per week)
- Net Profit: £308,706 (22% Profit margin)
Key Features
- With Car Park
- High Turnover
- Accounts Available
- Established Business
- Close to Local Amenities
Business Details
DETACHED PURPOSE BUILT NURSING HOME REG 47 WITH EXCELLENT NET PROFITS UNDER FULL MANAGEMENT
NORTH EAST ENGLAND Fully Managed modern purpose built Nursing Home with 47 Single Rooms and PP for a further 9 rooms arranged in predominently single storey accommodation on a plot of circa 0.71 acre. Trading with consistent high turnover, EBITDA and occupancy levels this facility is ideal for someone looking for a good investment opportunity with well qualified and experienced core staff. The current owners are making further improvements on a regular basis and there is potential to develop further by taking advantage of the planning permission granted for another 9 beds. Turnover to 31/3/22 of £1,442,309 with EBITDA of £308,706.80. Latest turnover figures show £31,000 per week with circa £32,400 per week after fee increase on 10th October with corresponding increase in EBITDA expected to be around £375,000 for the following year.
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Listing Statistics
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.
Stay Safe
The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.
Stay Safe
Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.
Stay Safe
Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.
Stay Safe
Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.
Stay Safe
Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.
Stay Safe
Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.
Be safe, use a Rightbiz Solicitor
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