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Profitable Residential Care Home in East Midlands, High Occupancy with Expansion Potential

Undisclosed, Lincolnshire

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    04/04/24

  • Advert ID

    609209

  • Reference

    50745 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £1,600,000
  • Turnover: Not Applicable
  • Net Profit: Not Applicable

Business Details

Residential Care Home in the East Midlands

Forecasted turnover for year-end 2024 of £979k and a forecasted adjusted EBITDA in excess of £127k.
Large detached residential care home registered for 27 in total. 13 single en suite, 8 single rooms, 1 double room en suite, 2 double rooms.
75% private clients and 25% with the the local authority. Consistently strong occupancy levels. Home generates excellent levels of income.
Opportunity to expand into Domiciliary Care. Business already holds superb reputation in the community.
Charming Detached Residential Care Home for the Elderly (Reg 27 residents) desirable and accessible location, East Midlandsā€“ Forecasted turnover for year-end 2024 of £979k and a forecasted adjusted EBITDA in excess of £127k. 19 single en-suite rooms, viewing highly recommended. Ref: 50745
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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.

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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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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 Ā£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 in the East Midlands - 50745 / 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.