Michael also prides himself on offering a highly professional and discreet service that supports the needs and requirements of the individual client throughout the entire selling and buying process.
It is predicted that 2017 will be a busier year for Care Home sales in the UK, with demand continuing to outstrip supply for the higher end top quality businesses. With the market showing an active start to the year for both the progressing of existing deals to taking on new businesses for sale, the remainder of the year is expected to continue busy with sale prices holding.
During 2016, it appeared that there has been an improvement in business throughout most areas of the UK, although a stronger demand was still experienced in London and the South East compared to other parts of the country. There also appears to be some better recovery prices being achieved, attributed generally to improved market conditions following the recession and the overcoming of fears from previous years regarding the implementation of better Care Home standards, which resulted in the closure of many Homes.
So for those wishing to sell now, it would appear to be a better period in the markets recent history and welcome news for those wishing to build up their retirement reserves.
If you are interested in selling your Home and would like some initial advise or a free no obligation valuation then please contact Michael on 0330 1232066 or 07934 381731
Very competitive commission rates
The Care Home industry over the last 5 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.
