Freehold Residential Home In Hampshire For Sale

Undisclosed, Hampshire, United Kingdom

Advert ref: 10697

Business description

Bag a Business is delighted to offer for sale this highly profitable registered care home. Established in the 1980s, it has been in our client's careful ownership since November 1994. Trading as a registered care home for 17 with 13 rooms, our client has meticulously maintained the property and has gained an enviable reputation. Annual turnover is £365,558 producing net profits in excess of £180,000. The business has tremendous scope for growth, a recent extension was built with the provision for another 5 rooms above, planning lapsed in 1992 for a 4 bedroom detached house in the grounds and our clients are currently having plans drawn up for a 10 bedroom, single floor extension. The business is run by our client with the assistance of 10 carers, of which 7 are NVQ level 3. This is a rare opportunity to acquire a highly profitable care home that offers new owners vast scope for the future, we would therefore urge early discussions with Bag a Business.

Property:

Freehold

Lease terms

Freehold

Living accomodation

A delightful and attractive detached property, believed to be built in 1893 and offering spacious and flexible accommodation over 3 floors, The home benefits from recently installed double-glazing throughout, gas central heating, a driveway for 7 cars with electrically operated security gate and large grounds to the rear. GROUND FLOOR Entrance porch leading to hallway with chair lift to first floor Manager's office General office Twin room - en-suite shower Twin room Single room Toilet Dining room, set up for 17, cleaning cupboard housing hot water boiler. Food cupboard with 2 chest freezers and locked medicine cabinet. Commercial kitchen, well equipped with an 8-burner hob and oven and range of stainless steel work surfaces. Hallway leading to lounge with sliding doors into Conservatory Bathroom with bath and electrically operated bath chair 3 single garden bedrooms, all with sliding patio doors to the garden Staff toilet Laundry room with hot water tank, sink and door to outside FIRST FLOOR Bathroom with bath and electrically operated bath chair. Double room with toilet and sink. 3 single rooms Double room with en-suite SECOND FLOOR Owner's flat consisting of small staff bedroom, 2 single rooms (registered), lounge currently used as staff accommodation, bathroom, kitchen with range of units, sink, built in hob and oven, cupboard with hot water tank. EXTERNAL To the front is a gravelled car park for 4 cars, a driveway with electric security gate leads to the side of the property and offers parking for 7 cars. Clients' garden, fully enclosed and laid mainly to lawn with flower borders, trees and 2 sheds. Double gates lead to large L shaped plot housing a 2-storey building with pitched roof and concrete hard standing to the front. This property is in disrepair and needs modernising or removing.

Location

This delightful care home occupies an ideal position in a highly sought after Hampshire coastal village. The business is a 5-minute level walk to the village centre, which has an excellent array of local shops including a local butcher, hairdresser and convenience store. The shoreline is less than half a mile away, offering superb walks and a wide shingle beach. The village is very sought after and desirable, being on the edge of the New Forest National Park, enjoying stunning coastline and being close to 3 major towns.

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Financial details

Asking price:£1,300,000

Sales revenue:£365,000

Net profit:£180,000

Furniture / Fixtures value: Undisclosed

Inventory / Stock value: Undisclosed