WHY US…?

• A nationwide agent
• Discreet and confidential service
• A comprehensive database of potential buyers
• No up front marketing or advertising costs
• Very competitive commission rates
• A modern, attractive and navigable website
• Constant and consistent vendor and applicant feedback
• E-mails and messages answered promptly

QUALITY IS THE KEY

The Care Home industry over the last 10 years or so has seen both challenging and changing market conditions. With a seemingly reluctance of the banks to lend, supposedly reduced values being quoted to sellers and the ever increasing importance for a Home not to have any outstanding requirements, one would think the outlook was bleak – not the case.

The appetite for good quality Care Homes has remained strong, with an every increasing influx of new buyers trying to enter the market – this coupled with experienced operators looking to add good quality businesses to their portfolio has helped maintain steady market conditions. Furthermore, evidence suggests that recent prices achieved have not fallen back as expected, with just a correction to what was conceived as previously inflated prices.

The key word is now quality and if a business has the necessary criteria it should sell. This would include mainly single en-suite bedrooms, spacious accommodation with perhaps planning permission to increase the registration, a good range of quality amenities and facilities and a stable Staff base ideally qualified at NVQ level. It goes without saying that occupancy levels remain an important issue, with buyers and lenders expecting consistant numbers throughout the financial year.

So are the banks lending? Probably the most asked question within our industry over the last couple of years or so. Well, in a word, yes! It is true to say there is a greater need for more detailed financial information, which would now include 3 years audited accounts, up to date Management figures and both current and historic occupancy trends but providing this is forthcoming, a bank should look favourable at the deal.

LATEST PROPERTIES please click on main heading for further information