Domiciliary Care Provider in Norfolk For Sale

Unopposed trading position, adjoining Tesco, excellent trading position, residential and commercial area, Norfolk.

Turnover £ 7,500
Price £400,000

Features

Domiciliary Care Provider with Therapy Room & Community Hall

SPACIOUS, MODERN PREMISES, DOUBLE DOORS.

RECEPTION AREA.

OFFICE - Laminate floor, suspended ceiling with light panels. 4 desks and a table, 3 computers and 5 work stations, printer.

THERAPY ROOM - Laminate floor, suspended ceiling with light panels. Bed, table and chair, arm chair, screen and store cupboard.

DISABLED CHANGING ROOM with height adjustable sink, remote changing bed, wash and dry toilet, overhead hoist track and hand dryer.

COMMUNITY HUB WITH INDEPENDENT ACCESS, laminate flooring, suspended ceiling with LED lighting. Seating for 60 people in the Community Hub. 3 toilets, fitted kitchen with cooker, hot water tank, fridge, sink, large store cupboard.

• Large storage room off the kitchen

• Large storage room off the Community Hub

Turnover

WE ARE INFORMED by the owner the turnover currently averages £7,500 p.w. The accounts year ending 31 August 2024 showed sales of £365,336

We are advised, at present, the business boasts 98% private clients, with huge potential with growth for live-in care and contracts with the local authority.

Staff

The business is at present operated by the vendor, her partner, 1 part time HR manager, 3 senior full time staff and 4 part time staff with additional casual assistance as required.

We are informed the wage bill averages £4,000 p.w. approx.

Trading Hours

Office Monday - Friday 9 a.m. -5 p.m.

Tenure

WE HAVE BEEN INFORMED BY THE VENDOR that the premises are held on a SECURE RENEWABLE lease (private landlord) granted for 10 years in 2025 with reviews every 5 years (next review 2030) at a current rent of £10,000 p.a. + VAT

In addition we understand there is a Service charge of £3,464 p.a. plus VAT approx.

NIL Business Rates after full relief (Please contact local authority to confirm)

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £400,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 200,000 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote