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Residential care home

Reference
S11344
Turnover
£1m to £2m
Sector(s)
Health & care
Region(s)
East of England
Added
22 January 2024

Business description

  • The home was established over 30 years ago, the company has an excellent reputation for the quality of care provided to residents
  • The latest CQC rating is ‘Good’ with an ‘Outstanding’ rating in the ‘Well led’ category
  • Located in a highly sought after town, with local amenities within walking distance
  • The area in which the home is situated has the most over 65s in England and Wales according to the 2021 Census
  • History of high occupancy rates with current capacity for 24 residents (23 rooms including one double), all with ensuite / washing facilities
  • Has never used agency staff, which is a testament to Management’s ability to hire, train and retain good quality, loyal staff members

Highlights

  • Opportunity to acquire adjacent land, currently owned by the Vendor, which could potentially make the home 60 to 70 rooms
  • Planning permission granted for 10-12 additional rooms, potentially producing £780k of additional revenue per year

Financials

Turnover (£'000) Adjusted EBITDA (£'000)
2021 (Actual) 886 318
2022 (Actual) 887 285
2023 (Actual) 1,020 336

Opportunities

  • Opportunity to acquire adjacent land, currently owned by the Vendor, which could potentially make the home 60 to 70 rooms
  • Planning permission granted for 10-12 additional rooms, potentially producing £780k of additional revenue per year

Reason for sale

The vendors seek a strategic purchaser to realise the value of their investment and ensure the continued succession of the business.

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