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The Newlyn Residential Home

Newington Kent
• ADVISED ANNUAL TURNOVER FOR Y/END 2010 - £266,883 • ADDITIONAL LAND AVAILABLE TO INCREASE CAPACITY STPP • TRADES WITH HIGH OCCUPANCY RATES • TRADED BY CURRENT OWNERS SINCE 1992 • FULLY RUN UNDER MANAGEMENT • CLOSE TO LOCAL AMENITIES AND MEDICAL CENTRE
BUSINESS FOR SALE ADVERT DETAILS

ADVERT NUMBER : 55635
ADVERT IMPRESSIONS : 11,292 TIME(S)

 
BUSINESS SECTOR: Care / Health / Beauty
TRADE TYPE: Care & Nursing Homes
SALE: Agent Sale

FREEHOLD:

£625000
 

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BUSINESS DETAILS:

LOCATION
The Newlyn Residential Home is situated in the Newington area of Ramsgate.
Ramsgate is easily accessible from London via the M2 then the A299 which is a duel carriageway providing direct access into Ramsgate town centre.
Kent International Airport, Margate & Broadstairs are all within close proximity.

THE BUSINESS
The business was acquired by our client in 1992, at which point they increased registration from 10 to 13 residents due to building expansion.
Since the acquisition our client has greatly improved the standard of the home and developed and excellent reputation in the area. The success of the home is apparent in the consistent high levels of occupancy.
The business is now currently run under management with the owner overseeing the operation.
The adjacent property which is a converted bungalow is also owned by our clients and is available by separate negotiation. This additional land provides an excellent opportunity, subject to planning permission (STPP), to increase the capacity of the home through development.

TRADING INFORMATION
We have been advised by our client that turnover for year end 2010 was £266,883. Full trading information will be available after a formal viewing has been conducted. The advised fee range is £328 to £535 per week.

STAFF
The business is currently run by a manager with the assistance of 19 members of staff. A full staff rota will be available to applicants after a formal viewing has been conducted.

REGISTRATION
The home is registered with the Care Quality Commission (CQC, formally known as CSCI) for the capacity of 13 places providing care to old age, not falling within any other category.
INTERNAL
Ground Floor
2 Double Bedrooms one with en-suite
1 Single Bedroom with en-suite
Lounge
Visitors WC
Shower room
Visitor / Therapy Room
Dining Room
Visitor / Client Kitchenette
WC
Lounge
Main Kitchen
Storeroom
Office
Laundry Room
First Floor
6 Single Bedrooms (3 en-suite)
1 Double Bedroom with en-suite
Bathroom
WC
Fire Escape
Second Floor (loft conversion)
Double Bedroom
Lounge
Bathroom

EXTERNAL
To the rear of the property there is a garden, courtyard and car parking for up to 5 cars.
   
  FOR SALE
   

REFERENCE:

BMA440 / RightBiz
   
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