Property Title: 48505 Project Cruise - Superb residential care provider in Scotland

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 05 Apr 2023

Location: Fife

Guide Price: 2,000,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 48505

Description

Redwoods Dowling Kerr proudly presents Project Cruise, a residential care home in Scotland.
KEY ATTRIBUTES
Registered for 38 residents
'Very Good' rating from the Care Inspectorate
Established for over 33 years
29 rooms equipped with en-suite facilities
High occupancy levels
Qualified staff
FINANCIALS
Turnover of £1.612m for the year ending May 2023
Adjusted EBITDA of £459k for the year ending May 2023

DESCRIPTION
Excellent reputation
Offers a variety of care such as palliative and respite care
Freehold opportunity
OPPORTUNITIES
The care has the potential to expand upon the type of care it offers, including end-of-life care and short-term care.
The business could also expand into the domiciliary care sector with office space currently available at the care home.
Furthermore, the population in the local area is expected to rise significantly in the coming years, highlighting the demand for care homes in the area and the opportunity to add additional settings.