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Castleford Care Home With Planning Permission For Sale

Castleford, West Yorkshire
Asking Price:
£700,000
Turnover:
£333,299
Net Profit:
£18,139

Private Care Home Established In 1990
Annual Turnover YE 31st December 2017£333,300 (Audited)
Gross Profit £116,532 (Audited)
Adjusted Net Profit £54,676
Planning Permission for 2 Additional 2 Bed Bungalows in Grounds
Currently Registered for 15 Residents & at 100% occupancy
Current Owners Now Looking to Retire
EPC Rating - C

Blacks Brokers are proud to bring to the market this well established residential care home which is registered for 15, operating at 100% occupancy, and prides itself on delivering exceptional care to all of its residents in a homely and pleasant environment.
The home is a valuable deceptively spacious period property which has been converted to offer all the facilities which any resident would require. The owners have tried to retain many of the original features of this attractive property which include wood panelling to the walls, feature glass windows and all of the charm of this regal property.
This home currently offers 13 single bedrooms and 1 double bedroom, 11 of the rooms offer en suite facilities. In addition to the residents bedrooms this home has the bonus of a spacious lounge and a well presented breakfast/dining room. All of these rooms are very popular and combined with the gardens which this property boast these help to create a perfect environment for a care home. A main staircase provides access to all three levels of the property this is then complimented by a lift which is located to the centre of the property.
The ground floor is the combination of some residents rooms, staff facilities which include storage, utility area and a managers office. The middle floor of the home is the main reception area with additional residents rooms and lounges, dining room and catering kitchen etc. The top floor of the property is the remainder of the residents rooms with a further owners office and a medicine room. There are both bathroom and toilet facilities on each floor with a separate communal WC on the middle and top floors.
To the front of the property is a patio seating area where residents in the warmer weather can sit out. To the rear of the home is a private car park which then leads onto landscaped gardens. It should be noted that from April 2016, the owne obtained full planning permission for the erection of 2x 2 bedroom detached bungalows for the elderly in an assisted living environment. Each bungalow will have an alarm system connected to the main building. This potential would be included in the sale of the home.
The business trades as a limited company and this is being sold for 100% of the issued share capital on a cash free, debt free basis.
There is little doubt that this is an exciting opportunity where enthusiastic new owners have the chance to build on what has already been achieved. Good occupancy, a healthy annual fee income, a valuable property and a strong management team make this is a sought after proposition with a realistic asking price. Viewing is highly recommended.

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Freehold

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