Total of 18656 firms and businesses for sale today Sunday 28th April 2024
Sold. Nursing Home With Consistently High Profits
LISTING DETAILS
Firms For Sale ID:
29264
Vendor reference:
BS2131
Vendor website:
BUSINESS DETAILS
Location:
Primary sector:
Asking price:
Undisclosed
Furniture, fixtures, fittings and stock included.
Furniture, fixtures, fittings and stock included.
Turnover / revenue:
£1,000,000 - £5,000,000
Net profit / cashflow:
£250,000 - £500,000
Years established:
24
Trading hours:
24 x 7 x 365
Number of employees:
52
OTHER DETAILS
Reason for selling:
The owner wishes to retire and is selling off various business interests
Support and training:
There is a full management team in place who can support a new owner during the transitional phase.
Business is relocatable:
No
Business is web-based:
No
Business is home-based:
No
PROPERTY DETAILS
Living accommodation:
A new owner could chose to live on site but it would probably be more financially rewarding to fill the Home with paying residents and to live off-site.
BUSINESS DESCRIPTION
This is an extremely profitable Nursing Home, consistently returning high levels of net profit over a number of years. The Home significantly outperforms most Nursing Homes in Britain and Northern Ireland.
This Nursing Home has 40+ beds and provides nursing services to elderly residents. The Home is an attractive building located on a large site, with gardens and on-site parking. There is plenty of land for expansion.
Nursing Homes in Northern Ireland are regulated by The Northern Ireland Regulation and Quality Improvement Authority (RQIA) and this Home continues to receive excellent reports from RQIA. The Home has traditionally operated at 95%+ occupancy levels and is often 100% full.
There is a full management team in place which operates the Home with minimal input from the owners.
Expansion Potential
There are opportunities to consolidate the share of the market held by the Home by providing services to residents with higher levels of mental and physical incapacity than are currently catered for. There is also plenty of land to add extra rooms to the Home thereby increasing the gross income and improving the overall profitability of the Home.
Market / Competition / Non-Competition Agreements
The main competitors are privately owned local Nursing Homes. However as there is an under-provision of Nursing Home beds in the area there has normally been no shortage of residents for the Home being sold.