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PROVIDER OF FOSTER AND RESIDENTIAL CARE SERVICES FOR YOUNG PEOPLE BASED NORTH EAST

Undisclosed

CONFIDENTIAL SALE

  • Leasehold: Price on Application
  • Turnover: £1,700,000 £32,692 Per week
  • Net Profit: On request

Business Details

Generates turnover of £1.7m with an adjusted EBITDA of £355k. A successful and OFSTED-registered organisation operating for over a decade in the social care sector. Utilises an extensive network of foster carers to deliver placement services to local authorities across the UK. Operates a children’s home, providing residential services for up to five young people. Benefits from 25 active foster placements, all of which provide ongoing, repeat custom. Operates from leasehold premises. Offered for sale to facilitate the business’s continued expansion under the impetus of new ownership. Ideal acquisition for complementary service providers looking to enhance their portfolio as a record number of children enter the care system. Significant scope to introduce post-care services, providing accommodation and ongoing support to ensure young people transition smoothly away from care. Offers invited.

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Stay Safe

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.

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