Agency Title: SOLD Versatile Domiciliary Care Agency

For Sale / Sold: Sold

Date Posted: 04 May 2021

Location: Lancashire

Guide Price: Offers invited (Business)

Business Broker: Axis Partnership

Reference: 7231

Description

• *2021 T/O c. £400,000 • 23 Service Users
• *2021 EBITDA c. £90,000 • avg. 425 Care Hours P/W
• 60% Private/DP clients • Good CQC rating
*Forecast based on 11 months trading annualised

Offers invited for 100% Share Purchase

The Business:
This well-established business has grown steadily over the years and is renowned locally for providing a very personal service. They pride themselves in actively encouraging independence, dignity, privacy, and choice in a flexible way to meet the needs of their service users.
The company currently provides care and support to clients with a variety of needs including those suffering from Dementia, those in need of help with mobility, medication administration or continence management or those just in need of a bit of company and conversation.
Their principal belief is that listening and communication is the key to providing high-quality care and support services. Therefore they actively encourage service users, carers, relatives, and friends to all be involved in planning and delivering a package of care to suit each individual's needs.
The company has a good working relationship with two local authorities as well as the CCG and are regularly asked to take on additional packages. The seller has always consciously managed their caseload carefully so as to not overstretch themselves, however to an incoming buyer with greater resources this presents an excellent opportunity to further grow the business.

Customers:
At the time of writing the business provides on average 425 hours per week of care to 23 service users. 60% of whom are self-funded or direct payment. The remaining are a combination of Local authority funded clients and PCT.