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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 eight are sold and eight are currently rented. There are four vacant appartments and 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 £500 for the owned appartments plus a ground rent of £100 per year. Customer Service: Each of the rented apartments is individually designed, with a lounge/kitchen area, bedroom and bathroom. There is a small area outside with chairs and parasol overlooking a courtyard. The apartments are fully furnished with TV, cooker and fridge. The weekly fee includes all bills, rent and services plus two meals per day, with fresh bedding provided weekly. The apartments which have been sold have still the option to use the services provided. They pay a maintenance fee and a ground rent yearly, but can pay extra for cleaning, servicing handyman jobs and meals. Most of the owners take regular advantage of the 24hr per day help which is on hand. Key Strengths: The apartments are situated in a beautiful location within a large courtyard in the Vale of York. The tranquil and immaculately kept courtyard is the perfect place to spend your retirement. The local town is just a short journey by bus , with shops and facilities available. There are still twelve properties which are owned by the company. The current plan is to sell four of these and use the other eight for rental, but this could be altered to suit the needs of the new owners. There is a shifting population change within the UK, and retirement homes are becoming more and more popular. This is an excellent revenue stream with potential for new owners to build on the solid foundations laid and bring in new ideas to the business Growth and Expansion: There are still some properties which are available to rent. The current owner realises that the company are missing out on valuable income by having them vacant. New owners with marketing expertise and good contacts could easily fill these properties and maximise these assets. There is an excellent opportunity to provide more care to the occupants. Currently any care provided comes from out sourced individuals or social services. Further income could be realised if the company put a care facility in place on the site, or place a contract exclusively with an external source. Key Opportunities: This is an outstanding opportunity to build on the existing services of this business. With a strong demand for serviced, retirement homes combined with the capacity to increase turnover, a new owner contributing fresh ideas and energy, will have every advantage of building on an excellent, existing platform. By renting off the vacant apartments, the company could increase their income by circa £60,000 per annum.

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