Care home registered for 16 residents with 16 single rooms
Accounts to the year end 05.04.19 show an income of 395,000
Ideal for hands on owner or expanding group
Peaceful location, viewing recommended
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Description Cherry Leas is a well-established, profitable care home which provides care within a comfortable and pleasant environment. The home is situated in Clacton on Sea within the county of Essex, just on the outskirts of the town centre and close to the sea front. The town is approx. 17 south east of Colchester via the A133 and has easy access to Chelmsford and London via the A120/A12.
Clacton has its own mainline train station which provides a regular and direct service in to London Liverpool Street. It is also the largest town in the Tendring district in Essex which is popular with tourists in the summer months. The town's economy continues to rely significantly on entertainment and day-trip facilities and it is strong in the service sector, with a large retired population.
With regards to placements, most service users come from the local area although some are from London due to the peaceful, coastal location. We have been advised that the home has been trading for several years and has been under the current ownership since 2008.
The spacious, detached property has been extended over time to now provide good sized accommodation along with a home from home feel in the 16 single bedrooms and ample day space which includes a conservatory.
All of the bedrooms are all slightly different in design and shape due to the conversion, but all provide residents with a tranquil and comfortable living arrangement with many rooms having views over the gardens or sea. The home is presented in good order throughout and is only being offered for sale due to our clients wish to semi retire from the care sector.
Type of Care Dementia and Old Age
Registered Numbers The home is registered for 16 residents within 16 single bedrooms. There are 8 bedrooms with en-suite facilities.
Accounts Accounts to the year-end 05.04.18 show an income of £372,096 with adjusted profits for the same period in the region of £48,000.
Current management figures along with profit and loss accounts can be inspected after viewing by genuinely interested parties.
Fees Fee’s range between £515.00 to £600.00 per week depending on local authority or private clients.
We have been advised that there is potential to increase fee’s in line with other homes within the area.
Building External The business operates from a substantial, two storey detached property which has been extended over recent years to provide the current layout. The property benefits from a fabulous rear garden which provides a pleasant outlook from many of the rooms.
There is a large driveway leading up to the property provides off road parking although there is also ample on road parking close by for staff and relatives.
Building Internal The spacious and inviting accommodation is presented to a good standard throughout creating a pleasant and welcoming home from home environment. The home has the benefit of a shaft lift providing access to all floors plus a stair lift.
Ground Floor Seven bedrooms, five with en-suite. Three toilets including the main bathroom Open plan dining area Residents lounge
First Floor Nine bedrooms, three with ensuite One spare room used as staff / store room Wet room with shower with toilet Two additional toilets
The home benefits from good sized communal areas with all of the bedrooms being individual in design and shape due to the conversion.
Ancillary Areas There is a domestic kitchen which is presented in good condition and benefits from non-slip flooring and a full range of base and eye level wall mounted units. Space for cooker, fridge freezer and dishwasher. Utility room Managers office
Gardens Cherry Leas benefits from a good sized, fully enclosed rear garden with a patio area which is enjoyed by the service users on a regular basis.
Residential Accommodation There is no accommodation for staff or management.
Tenure We are advised that the property is freehold.
We have been unable to check this information and advise prospective purchasers to consult their own solicitor for verification.
Summary In our opinion this is an excellent opportunity for a hands-on owner or experienced operator who is looking to expand their own care group given the peaceful location and reputation the home has within the town.
A viewing is highly recommended to fully appreciate the overall business opportunity being offered for sale.
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