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Profitable Residential Care Home in Devon with Decades of Income Generation For Sale

Undisclosed, Devon

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    16/08/23

  • Advert ID

    518168

  • Reference

    50165 / Rightbiz

  • Call Agent:

    Registered members »

  • Turnover: £620,416 (£11,931 Per week)
  • Net Profit: Not Applicable

Business Details

Residential Care Home Project Drake Devon

Freehold Residential Care Home for Mental Health conditions (Registered for 15 residents).
Annual Turnover for Y.E 2022 £620,416 with an impressive EBITDA of £259,135.
CQC have the home rated as ‘Good’, and this has been the case since 2019.
One of the region’s preferred care providers and has carried no vacancies for the last three years.
Redwoods Dowling Kerr are delighted to present Project Drake to the market. Project Drake represents the opportunity to acquire a freehold residential home for adults with Mental Health conditions in the pretty town of Tavistock, Devon.
Established in 1987, Project Drake provides care for adults over the age of eighteen. The home has formed an excellent reputation for providing the highest possible standards of care, support, development, and dignity within a warm and friendly environment Ref: 50165
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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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The data showed regarding this advert 'Residential Care Home Project Drake Devon - 50165 / Rightbiz' comprises as a business advertisement. Rightbiz Ltd makes no warranty as to the accuracy or to the completeness of the advertisement or any linked or any associated information provided. In no event shall Rightbiz Ltd be liable for any damages or loss whatsoever including special, indirect, consequential, incidental or punitive damages for loss of profits and revenue, arising out of or connected with this website or to the use, reliance upon or performance of any information contained in or accessed from this website.