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CU022-Serviced Apartments and Retirement Care Homes

Asking Price: GBP 700000   |  Posted by : Andrew Hudson
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Business Location: United Kingdom » North Yorkshire » North Yorkshire 
Category: Services » Social Services
Description:
Freehold Serviced Apartments and Retirement Care Homes
Ref.CU022
Location North Yorkshire
Asking Price £ 700,000
This is an excellent opportunity to aquire a well established business, which has a unique service proposition

Established in 1997, this privately owned company has gradualy evolved,.offering a choice of serviced appartments for the retired. There are two options for the elderley, either to rent the appartment or to buy.

On the site there are in total 21 appartments, of which ten are sold and ten are currently rented. There is one other appartment which is occupied by the on site manager and his wife. There is a communal day room which is also used as the dining room for the residents.

The manager and his wife look after all aspects of the daily running of the site, including cooking, cleaning,servicing,laundry and all other jobs.

Revenue comes from the weekly rental of the appartments, on average £290 per week, and a yearly service charge of £600 for the owned appartments plus a ground rent of £100 per year.
Financial Information:  
Annual gross sales: (GBP) N/A
Yearly Revenue: (GBP)
Total yearly sales revenue
130000
Net Profit: (GBP)
Total profit before taxes
60000
General Information:  
Business Area: na
Year Established: 1997
Is Relocatable?:
No
Business closed or an asset sale : No
Is Home based business?: No
Real estate status: Yes
Number of Employees: 01
Reasons for selling:
The owner would like to concentrate on his other business interests.
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