Healthcare Facility for sale

Laurel Mount Nursing Home, Woodville Road, Keighley, BD20 6JB

Under Offer £950,000

Property Description

Commercial information

  • Business for sale

Key features

  • Care home with nursing
  • Registered for 34
  • Fee income y/end 31/08/16 of 829,172
  • EBITDA of circa 150,000
  • Registered manager in place
  • Same ownership for circa 20 years. Energy Rating D

Full description

Tenure: Freehold

Description

An established Care Home that has been in the same ownership for nearly 20 years and is run under full management.

Location

Keighley is an industrial town in the metropolitan borough of the city of Bradford to the north western edge of West Yorkshire. Located circa 11 miles north west of Bradford city centre, the town is at the confluence of the rivers Aire and Worth, lying in a fold between the countryside of Airedale and Keighley Moors.

Laurel Mount is in a residential area of the town close to the A629 Keighley to Skipton Road.

Internal Details

Residents accommodation is arranged over ground and first floor levels, with a passenger lift.

The laundry and several store rooms are located in the basement.

Ground Floor

Entrance hallway, dining room, four lounges with TV's, office, 17 single bedrooms, four with en-suite toilet, one twin bedroom, two bathrooms and one shower room with toilet facility, three separate toilets, sluice, kitchen with a full range of equipment, staff room.

Other Floors

First Floor
Five single bedrooms, one with ensuite toilet, five twin bedrooms, bathroom, separate toilet.

Fixtures & Fittings

We are advised that all trade fixtures and fittings are owned outright. Some TV's in the bedrooms are owned by residents.

Letting Accommodation

The Home currently charges weekly fees which range from £432-£650 per week.

External Details

There are extensive lawned gardens to the front of the property, with car parking available to the front, side and rear.

The Opportunity

Laurel Mount has been in our client’s ownership for nearly 20 years and is operated with a registered manager and a full complement of staff. The Home would be suitable for a first time buyer or alternatively a small regional group.

Trading Information

Management accounts for the year ended 31 August 2016 show fee income of £829,172 and a wage bill of £550,837. Prior to finance, depreciation, excessive repairs/maintenance costs and agency fees due to maternity leave, a net profit of circa £170,000 was achieved. Full trading information will be supplied to interested parties who have viewed the Home.

Regulatory

Laurel Mount is registered with the Care Quality Commission as a Care Home with Nursing for a maximum of 34 service users.

Copies of the latest inspection report can be seen on the CQC website at www.cqc.org.uk.


More information from this agent

Nearest stations

  • Keighley (0.7 mi)
  • Steeton & Silsden (2.2 mi)
  • Crossflatts (3.1 mi)
Distances are straight line measurements from centre of postcode

Map & Street View

Nearest stations

  • Keighley (0.7 mi)
  • Steeton & Silsden (2.2 mi)
  • Crossflatts (3.1 mi)
Distances are straight line measurements from centre of postcode

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