Freehold Serviced Apartments And Retirement Care Homes Businesses For Sale in United Kingdom at FranchiseLeader.com - Buy Franchises, Sell Franchises, Franchise Businesses for Sale

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Freehold Serviced Apartments And Retirement Care Homes

Location  United Kingdom
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $209677
Net Profit / Cash Flow  $96774
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1997
Number of Employees  1 - 3
Relocatable  Not Disclosed
Number of Employees  1 - 3
Real Estate  Owned
Training  The owners would be happy to help out with a smooth sale transition of the business and help in anyway possible.
Reason for Sale  The owner would like to concentrate on his other business interests.
Description  Freehold Serviced Apartments and Retirement Care Homes for sale. Ref.CU022 Location North Yorkshire Asking Price œ 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 œ290 per week, and a yearly service charge of œ600 for the owned appartments plus a ground rent of œ100 per year.
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