Property Title: 50667 Group of Two Care Homes *Option to purchase the homes separately* - Scotland

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 26 Jun 2024

Location: Falkirk

Guide Price: £2,300,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 50667

Description

Both homes are registered for a total of 45 residents. One Residential Care Home registered for 25 service users, 20 single rooms and three 3 double bedrooms on full occupancy.
One nursing home registered for 20 with 20 single rooms with en-suites. Planning permission was approved for a further 18 single rooms making the total 40. *Option to purchase the homes separately*.
Turnover for the Nursing home for year-end 2023 is £1,083,523 with an EBITDA of £109,061.
The combined turnover for both homes is £1.8m for year-end 2022. Adjusted EBITDA is in excess of £130k for year-end 2022.
Very good Care Inspectorate reports. Staff are trained to care for service users with dementia and mobility issues. The companies are well-established in the regions they serve and are on the stroke-rehabilitation programme, accepting these patients. Our client employs over 60 employees including two registered managers at each home, with the businesses able to operate without director oversight.