| Area : Worcestershire
Registered for 8 & 12 beds
£1,100,000
F/H SOLD |
RECENTLY SOLD BY BISHOPS
Two Care Homes Reg for a total of 20 (Learning Disabilities) both located in this much sought after country town and run under management. The current owners have owned both Homes for around 20 years and are only selling as they wish to retire. Occupancy levels are maintained at 100% most of the time, with the latest accounts showing A CONSOLIDATED NET PROFIT OF AROUND £110,000. However, it should be noted that the current owners have now agreed a substantial increase in fees for 17 of the residents of £50 per week each. This will increase the turnover by £44,200 per annum and should increase the NET PROFIT TO AROUND £145,000 PER ANNUM. Both Homes are in reasonable order, although further improvements and updating will be required in the future. |
