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Profitable Care Homes Group in Devon with £8m Income and £1.7m EBITDA for Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    05/07/23

  • Advert ID

    516174

  • Reference

    46308 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £9,287,662 (£178,609 Per week)
  • Net Profit: Not Applicable

Business Details

Four Residential Care Homes Project Virgo Devon

Four freehold Residential Care Homes (Combined Registered for 164 residents).
Annual Turnover for Y.E 2020 £8,019,000 with an impressive EBITDA of £1,919,000.
Truly enviable reputation, historically high occupancy, with Outstanding and Good CQC Ratings across all four homes.
Robust organisational structure in place. A highly profitable group of care homes with further potential to expand.
Redwoods Dowling Kerr proudly presents a group of high performing care homes in the West Country. Income of £8m and an EBITDA in excess of £1.9m for year end 2020. Robust organisational structure in place. The group enjoys occupancy rates in excess of 90% including a mixture of private and publicly funded clients. Ref: 46308 Ref: 46308
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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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