Property Title: A Group of 3 Care Homes in the North East of England

Property Type: Care Home / Nursing Home

For Sale / Sold: For Sale

Date Posted: 03 Sep 2024

Location: Cleveland & Teesside

Guide Price: Bids Invited (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 50977

Description

Turnover of £2.8m for year-end 2023.
Adjusted EBITDA in excess of £600k for year-end 2023.
Project Lori provides care within its care homes for service users with dementia, mental health conditions, and physical disabilities.
This business operates with 78 service users across 3 freehold properties. - planning for a 20-bed extension.
There is a second-tier management team in place who run the day-to-day operation of the business.
The business is accredited a ‘Good’ rating by the Care Quality Commission.