Freehold Residential Care Home In Cambourne

Successful and Lucrative Residential Care Home For Sale In Cornish Town Of Camborne
Detached & Extended Property
Highly Profitable
Registered for 12 with Learning Difficulties
Ref 2125

Location
The Ridgewood Care Home occupies a quiet yet convenient location in the Cornish town of Camborne. It is situated on the outskirts of Camborne town centre and within easy reach of all local amenities. The town of Camborne offers a range of facilities to include a railway station on the main Penzance to Paddington line and it is also within easy reach of the main A30 trunk road through the county which connects the town with the remainder of Cornwall and into Devon where it links with the M5 at junction 31, Exeter. Cornwall. The North Cornish coastline with its stunning scenery, coastal walks and beaches are also within close proximity.

Business information
Business & Property £1.25 million
Turnover: £654,474 pa
Gross Profit: 40%
EDITDA : £215,000
Business rates: £6,919

Business Description
Veritas Business Sales are delighted to offer for sale this respected Residential Care Home with a 12 bedroom facility for adults with learning disabilities which is located in Camborne mid Cornwall. The business was established over 15 years ago by my client and has been in their careful hands ever since. Reluctantly the business is now being offered for sale so they can enjoy a well deserved retirement. Since ownership they have continually refurbished and invested in new equipment along with fixtures & fittings which are all bought and paid for and included within the sale price which is a huge plus for any new purchaser as additional funds will not need to be spent for some time. The business had an annual turnover to year end 31st March 2016 of £654,474 with a GP of £264,859(40%) and EBDITA in the region of £215,000. Having been involved in the operation of the home from its inception, the owners have latterly taken more of a back seat and the home is now staff run with a registered manager and deputy. As such, the opportunity now exists for a new owner, either as a first time entrant to the sector or someone looking to add to their portfolio, to continue the good work that our clients have already established. Their most recent CQC inspection report resulted in an overall GOOD rating with good outcomes in all five inspection areas. The business has historic accounts that show the business is trading consistently well with similar levels of EBITDA . This is a superb opportunity to purchase an established business which is a great base to build upon and as such early viewing is highly recommended as this business is not to be missed.

Ground Floor
Main entrance
Entrance and cloak room
Day Room 33.71 sq.m
with lounge dining area
Residents Lounge 21.44 sq.m
with various armchairs, settees and activity room
Store Room 5.1 sq.m
with various shelves and freezer units
Kitchen 12.58 sq.m
with stainless steel double sink unit, full extractor unit (Moorwood Vulcan MVR6), hand wash basin, instant boiler (Zip), dish washer and refrigerator
Conservatory 17.5 sq.m
Bright conservatory lounge room with views over the garden
Laundry 9 sq.m
Double glazed over half wall with double washing machines and driers with base units over
Wet Room 2.25 sq.m
with W/C
Bedroom 1:11.64 sq.m single room with bathroom and w/c
Bedroom 2: 16.63 sq.m single room with ensuite and w/c
Bedroom 3: 14.35 sq.m single room
Bedroom 4: 11.75 sq.m single room with own w/c, basin and shared bathroom shower
Bedroom 5: 13.7 sq.m single room with own w/c, basin and shared bathroom shower

First Floor
Room 9: 11.37 sq.m single room with full bathroom and basin.
Room 10: 15.14 sq.m single room with w/c and basin
Room 11: 14.26 sq.m single room with en-suite, w/c and basin.
Room 12: 13.09 sq.m single room with en-suite, w/c and basin.

Second floor
Room 6: 11.51 sq.m Single room with full bathroom, w/c and basin
Room 7: 17.6 sq.m single room with full bathroom, w/c and basin.
Room 8: 15.1 sq.m single room

External
Front drive with parking for 5/6 cars.
Large rear garden with furniture and shed.