Property Title: 50785 Freehold Nursing Home - South West

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 12 Jul 2024

Location: Somerset

Guide Price: £1,350,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 50785

Description

- Sea View Freehold Nursing Home registered for 33. Includes 27 single rooms and 4 double bedrooms 70% of the rooms are En-suites. Potential to add another 7 single bedrooms. Currently occupied for 25.
- 75% local authority and 5% council. Turnover for year-end 2024 was £1,414,000 adjusted EBITDA for year-end 2024 is £147k.
- Provides care for service users including dementia care for the elderly alongside those with physical disabilities and frailty.
- Currently over 35 employees including a strong 2nd tier management structure comprised of a registered manager and deputy manager. Has a sponsorship licence for three people.
- Well established with the local authorities and within the surrounding area having been operating for over 20 years.