Elderly Mentally Infirm Residential Home In Southampton Hampshire | | Southampton Hampshire | | EMI Residential Home, Southampton, Hampshire T/O: £255,000 GP: 25% Scope to increase turnover Registered for 11 residents Recently refurbished Established business | | BUSINESS FOR SALE ADVERT DETAILS ADVERT NUMBER : 61509
ADVERT IMPRESSIONS : 16,966 TIME(S) | | | | BUSINESS SECTOR: | Care / Health / Beauty | | TRADE TYPE: | Care & Nursing Homes | | SALE: | Agent Sale | FREEHOLD: | £675,000 | | | | | | | | | | Add this business advert to your: | | | | | | | | | | | | | | | BUSINESS DETAILS: | Location
The residential home occupies a substantial, detached property situated in the city of Southampton, Hampshire. The premises benefit from ample on-street and private parking. The business has easy access to the A-road network and access to the M27 motorway. There are a number of residential areas in the vicinity and local amenities. Portsmouth and Winchester are less than 20 miles away.
Business History
Preferred Commercial is delighted to offer for sale this well-respected EMI residential home, registered for 11 residents, which was established over 20 years ago. The business is only now offered to the market due to a change in our client's circumstances. The substantial premises are well-equipped to suit the trade with 9 residents' rooms, 7 single and 2 double, that have recently been redecorated and finished to a high standard, along with a communal lounge and garden area to rear. The business has built an excellent reputation, is registered with Care Quality Commission and fully compliant with new legislation. Our client provides a friendly and safe environment for its residents. The business trades all year round and generates a turnover in the region of £233,206 with a gross profit of 90%. We have been advised that planning permission has been applied for, to extend the facility to 17 residents' rooms. At an estimate the costs are approximately £185,000. The turnover is then predicted to be in the region of £507,000 per annum. There is also the opportunity to increase to the price of the rooms from £550 per week to the average in the area of £585. This is an ideal opportunity to acquire a well-established residential home with huge scope for future development.
Financial Details
T/O: £233,206 approx.
GP: 90%
Opening Hours
All year round
Accommodation Details
Substantial detached residential home premises. Briefly comprising:
Ground Floor
• Lounge with access to rear garden
• Kitchen
• Medical room
First And Second Floors
• Office
• 7 Single bedrooms with en-suite WC and wash hand basin
• 2 Twin rooms with en-suite WC and wash hand basin
External
• Garden and decking area to rear
Tenure
Advised freehold | | | | | | FOR SALE | | | | | REFERENCE: | 2347 / RightBiz | | | | | | Request more information about this business.. | | ENQUIRIES: | | | | CONTACT SELLER TO GET THE SELLERS DIRECT CONTACT DETAILS AVAILABLE TO MEMBERS ONLY | | | | | | | | | | | |
