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£0 £1000000

Reputable Care Home For Sale

Birmingham, West Midlands

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Under Offer

£299,995 +SAV

Ref: B06220

Leasehold

Overview

Please quote reference B06220

Hilton Smythe is delighted to welcome to the market a well-established and highly rated residential care home located in Birmingham. Our client took over the business in 2019, only now does the business and property come to the market as our client is looking to move on to another business venture.

The care home specialises in care for Elderly people, Alzheimer’s and Dementia.

Facilities offered include day-care, respite, short stays.

The building is wheelchair friendly and has a licence for 11 residents.

Since our client took over the business has built up an excellent reputation with a 5-star review status on google. Our client is offering a handover period to ensure the continued success of the business.

There is a website included in the business sale.

Hilton Smythe advises early viewing to avoid disappointment. Viewings are strictly by appointment only and are to be arranged via Hilton Smythe.

Turnover
We are advised the business generated a turnover of circa £327,000 as of 2021, further financial information can be made available upon request.

Please quote reference B06220

The business is run by 8 full time and 8 part-time staff members.

The open hours are as followed:

Monday to Friday - 08:00am - 18:00pm

Saturday and Sunday - 09:00am - 17:00pm

However, there is 24/7 care.

The residential care home is located in Birmingham, West Midlands.

Birmingham is a major city and has the largest city population outside of London. Birmingham is home to cutting edge museums and galleries, theatres, and great shopping facilities. This has contributed to Birmingham's appeal as a weekend break destination.

The centre of Birmingham allows the business to benefit from excellent road links and generous public transport. The closest train station, Metro tram link and main bus routes are just a few minutes’ walk away. Trains run direct to London from this station.

This is a substantial sized property with 9 single resident’s rooms, 1 shared room as well as a self-contained flat.

The front of the premises has parking, and the rear is a secure garden.

The business is a peppercorn leasehold and in 2035, the new buyer will need to apply for a new ground lease. Currently, the annual ground rent is about £4000.

Tenure
We are advised that this opportunity is being sold on peppercorn leasehold and in 2035, the new buyer will need to apply for a new ground lease. Currently, the annual ground rent is about £4000.

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