Income for year end March 2019 is £531,484 with an ebitda of £201,684
A group of two well established Learning disability homes
Ideal for expanding group / High value properties
Retirement sale / Viewing recommended
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Description Well established and very profitable specialist care home group situated in a popular and affluent East Sussex coastal town. Both homes are located just on the outskirts of the town centre with one being close to the sea front occupying an elevated position with sea views.
The town centre is well served with local amenities and bus routes, some of which are used by the residents use on a regular basis. The roads surrounding both homes are the A23, A26 and A27 which link major towns such as Brighton which is approx. 11 miles to the West.
The business was originally established by the current owners in 1999 when the first home opened with the second home being opened in 2001 such was the reputation for the level of care and demand for the specialist care provided.
The business has been run under the current ownership since being established in which time it has gained an excellent reputation for the care provided by the trained and long standing staff. Both owners have a hands on approach to the day to day the running of the homes as they are currently the registered managers at both settings.
With regards to placements, the majority of service users come from the local area although there a number from further afield, some as far as London due to not only the idyllic and peaceful location close to the sea front and local amenities but also the reputation that has been gained over many years.
Type Of Care Learning Disability and Dementia
Specialist Care Categories Autism/asd, Challenging Behaviour, Down Syndrome, Epilepsy, Head/Brain Injury, Schizophrenia, Spina Bifida & Hydrocephalus.
Registered Numbers Registered for a maximum of 6 residents at each home within 6 single bedrooms at each home.
Fee Income Accounts to the year end 31.03.18 show a combined income of £562,047 with an adjusted profit for the same period of approx. £215,000.
Fees We have been advised that fee’s currently range between £650 to £1200 per week depending on the need of each individual service user.
Staff Run and managed by the current owners on a daily basis along with a mix of part and full time staff which are utilised by both settings.
Building External Unit One: Substantial two storey detached property occupying an elevated position with sea views.
Unit Two: Substantial two storey detached property that has been extended over time and is situated on a tree lined avenue.
Both properties are situated within high value residential areas.
Building Internal Due to the nature of the property conversions, the of bedrooms are all slightly different in design and shape but all provide residents with a comfortable living arrangement with some rooms having sea views at one of the homes.
All of the bedrooms are furnished to a high standard and the residents are encouraged to personalise their bedrooms with any small items of furniture, pictures and ornaments. The spacious and welcoming accommodation throughout is presented to a good standard throughout thus creating a pleasant, home from home feel environment.
Unit One: Ground Floor: Two bedrooms Lounge Dining room Domestic kitchen
First Floor: Four bedrooms Staff sleep room Bathroom
Unit Two: Ground Floor: Four bedrooms Lounge Dining room Domestic kitchen
First Floor: Two residents bedrooms Staff sleep room Bathroom Managers Office
Residential Accommodation There is no permanent accommodation for staff or management.
Tenure We have been advised that both properties are freehold.
Summary In our opinion this is a superb opportunity for an existing care group who are looking to acquire given the high profits along with the genuine growth potential to expand the group further subject to planning and cqc approval.
A viewing is highly recommended to fully appreciate the overall business opportunity which is being offered for sale due to our clients wish to retire from the care sector.
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