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Up For Sale: Thriving 21-Bed Residential Care Home in Merseyside with Strong Reputation

Undisclosed, Merseyside

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    11/06/24

  • Advert ID

    612694

  • Reference

    BJB2311325 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £1,100,000
  • Turnover: £611,000 (£11,750 Per week)
  • Net Profit: On request

Key Features

  • Offers Invited
  • High Turnover
  • Prime Location
  • Established Business

Business Details

Successful, Freehold, 21 bed Residential Care Home

We are offering for sale a highly regarded, very successful, Freehold, 21 Bed Residential Care Home in Merseyside.

Based in a famous seaside town containing a high concentration of elderly residents. The Home is in a location of choice for those wishing to remain in a picturesque setting. This truly is a superb opportunity to purchase an established business in a desirable location, but excitingly, still with a huge scope to grow.

The Home has been established for nearly 30 years and enjoys a wonderful reputation as both a quality provider of care and a real employer of choice within the local area. Well led and successfully run, the Home is rated as ‘Good’ across all domains by the Care Quality Commission (CQC), demonstrating their commitment to delivering high quality, Person Centred care.

A very successful and profitable business, Turnover for 2023 standing at over £600k with Operating Profits in excess of £100k.

They have a settled, long-standing client and employee base, enjoying a minimum 90% occupancy level throughout their tenure and enjoying market leading staff retention levels. There is a core team of 13 highly skilled employees, with several further trusted ‘Bank Staff’ available for cover.

The client funding profile is circa 33% Private / Self-Funding Clients and the remainder via strong, long-standing relationships with three separate Local Authorities.

The large premises are owned on a Freehold basis and there is exciting scope to further extend the property, with initial plans having been viewed favourably by a local Architect Any such expansion could potentially offer a further six bedrooms (and a circa 30% increase in trade!) subject to planning conditions.

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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.

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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 £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 'Successful, Freehold, 21 bed Residential Care Home - BJB2311325 / 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.