A Professional Live-In Care Service Provider Based in Bristol Has Now Been Sold
13th March 2020
Offering a range of health and social care support, from personal care to highly attentive care, this business was established to provide reliable and adaptable care to meet the demand in the Bristol area.
Since its formation, the service has been on a continuous path of learning, development and improvement to position itself at the top of its sector. The business is driven by a team of dedicated and experienced staff, and the business receives regular recommendations and referrals through word of mouth. As a result, the service earned a ‘Good’ CQC rating for every category upon its most recent inspection and has built strong relationships with the local authorities, NHS and private third-party providers.
During their ownership, the vendors achieved a great deal of success with the business, however, having taken it so far, the prospect of semi-retirement and another retail business opportunity ultimately led them to the decision that it was time to move on. Having come to this conclusion, they approached Redwoods Dowling Kerr to facilitate the sale and on release to the market, the business quickly attracted 2 viewings and 2 offers, ultimately selling to a corporate buyer with an experienced background in healthcare.
The vendor commented;
“We have worked hard to create a reputable live-in care business with good income streams, but felt the time was right for us to step back and let another operator develop the business further. We are also delighted that an expanding existing operator has bought our business and wish them all the best for the future plans moving forward. Asif at Redwoods did a great job marketing our business, generating a couple of early viewings, and with Asif’s efforts, we found a suitable buyer. Marc Holmes did a great job in pushing the sale to a successful completion, and we would like to thank Redwoods Dowling Kerr, Asif and Marc for their guidance and services. We would love to recommend Redwoods Dowling Kerr to anyone wanting to sell their business.”
Lead Negotiator Asif Musa commented;
“I am delighted to have been involved in the sale of this unique live-in care business in the South-West to an existing operator. This has been one of the fastest transactions we have completed this year. We were able to find a buyer within 2 weeks of the business going live on the market and completed on the sale within 8 weeks of the offer being accepted. The buyer could not have been a more perfect fit for the business and I’m sure the new owner will take the business from strength to strength in the coming years. We wish our vendor many happy years in his semi-retirement.”