Mains House Care Home, Newtonmore, Invernesshire

Established Care Home trading for over 25 years, with 29 bedrooms all with en-suite showers and baths.

25 April 2022

Property Details

Mains House Care Home is situated right in the heart of the small Highland village of Newtonmore and is considered a well-established nursing and care home.

On the instructions of the administrators, Grant Thornton LLP, we are delighted to offer this property for sale.

Key details:

  • Located in small town, within an hours drive north of Perth and south Inverness, just off A9
  • Modern care home, with purpose built extensions
  • 29 bedrooms all with en suite showers and baths
  • Bedrooms extend from 13 sq.m to 20sq.m (excluding ensuites)
  • Number of ensuites can easily be adapted to wet room facilities
  • Situated with 0. 7 Acres of Land, and therefore possible expansion opportunity
  • Established Care Home business been trading for over 25 years
  • Mainly provides residential care with 6 nursing clients
  • Average Fee £881 as at March 22, subject to 5% increase in April 22
  • 24 % self-funding residents
  • Current occupancy 25, with 4 new residents pending,
  • Turnover as at 31st March 2021- £1,200,000
  • EBITDA as at 31st March 2021 - £165,000
  • Currently making a loss of £15,000 pa due to very high agency staff bill over the last 6 months
  • Agency bill is being reduced, with new staff being recruited , the property is expected to return to normal trading levels by the end of May 2022
  • Preference for an Asset Sale, but a Share Sale possible

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