Mountside Residential Care Home Is Acquired by an Existing Operator
18th March 2020
15 years ago, the vendor of Mountside Residential Care Home recognised a need for dependable residential care in the East Sussex area. They founded the home with the aspiration to offer a consistently high standard of care for the elderly. The home provides a welcoming, comfortable and caring environment for its clients, featuring 52 residents’ bedrooms and en suite facilities.
The previous vendor greatly reinvested in the care home, undertaking consistent redevelopment projects for the home. Most notably, in 2005 the vendor spent £1.2m to construct a substantial extension to the property. The extension took 18 months to build, and this transformed Mountside Residential Care Home into the luxurious and modern care home that it is today.
Operated by a highly trained team of professional care staff, their high standards of care have resulted in the setting earning a ‘Good’ report from the Care Quality Commission upon its most recent inspection. As a result of its excellent reputation in the area, Mountside Residential Care Home continuously receives a high number of regular referrals, attracting many of its clients through word of mouth.
Due to a change of circumstances and a desire to focus on new opportunities, the vendor came to the decision that it was time to move on, and they approached Redwoods Dowling Kerr to handle the sale of the home. Once on the market, the business attracted 5 viewings and 5 offers, with the successful bid coming from an experienced sector operative. The purchaser already owns a large care home in the local area and chose to acquire Mountside Residential Care Home to expand their portfolio in the area.
The vendor commented;
“The team at Redwoods Dowling Kerr did an excellent job. They handled the sale of my care home with discretion, and they selected an effective type of advertising for the business. They made all the right decisions during the sale process, and they were always there, right until the end.”
The buyer commented;
“Marc and Nick did a very good job in helping me with the purchase. They kept us informed of all developments and they helped to make sure everyone worked towards the same goals.”
Lead Negotiator Nicholas Shepherd commented;
“I am delighted to have brokered this deal of a fantastic residential care home. During the process, I developed a friendship with the vendor and I am pleased that he was able to sell the home at such a fantastic price, to a buyer who will continue to run the home in the same vein. I wish the buyer the best of luck and hope the vendor’s other business ventures are as successful as this one”