Elderly Mentally Infirm Residential Home In Southampton

Southampton, Hampshire
Price: £ 675,000
business for sale
Seller Reference: 2347
Asking Price: £675,000
Net Profit: Undisclosed
Sales Revenue: £233,206
Number of Staff: Send enquiry for more details.
Established For: Send enquiry for more details.
Ownership: Freehold

Business Summary

Preferred Commercial is delighted to offer for sale this well-respected EMI residential home, registered for 11 residents, which was established over 20 years ago. The business is only now offered to the market due to a change in our client’s circumstances. The substantial premises are well-equipped to suit the trade with 9 residents’ rooms, 7 single and 2 double, that have recently been redecorated and finished to a high standard, along with a communal lounge and garden area to rear. The business has built an excellent reputation, is registered with Care Quality Commission and fully compliant with new legislation. Our client provides a friendly and safe environment for its residents. The business trades all year round and generates a turnover in the region of �233,206 with a gross profit of 90%. We have been advised that planning permission has been applied for, to extend the facility to 17 residents’ rooms. At an estimate the costs are approximately �185,000. The turnover is then predicted to be in the region of �507,000 per annum. There is also the opportunity to increase to the price of the rooms from �550 per week to the average in the area of �585. This is an ideal opportunity to acquire a well-established residential home with huge scope for future development.

Well-respected EMI residential home, registered for 11 residents, which was established over 20 years ago. The business is only now offered to the mar...

Property Infomation

  Property: Freehold
  Living Accommodation: Yes
  Details of Accommodation: Substantial detached residential home premises. Briefly comprising:

Ground Floor
� Lounge with access to rear garden
� Kitchen
� Medical room

First And Second Floors
� Office
� 7 Single bedrooms with en-suite WC and wash hand basin
� 2 Twin rooms with en-suite WC and wash hand basin

� Garden and decking area to rear
  Location: The residential home occupies a substantial, detached property situated in the city of Southampton, Hampshire. The premises benefit from ample on-street and private parking. The business has easy access to the A-road network and access to the M27 motorway. There are a number of residential areas in the vicinity and local amenities. Portsmouth and Winchester are less than 20 miles away.

Other Details

  Is this a home-based business? No
  Can this business be relocated? No
  Is this business part of a franchise? No