Market still attracts first time buyers

Posted on March 1st, by editor in Caring Times. No Comments

Three first time buyers with Christie & Co say what attracted them to invest in the long term care sector. Many buyers of nursing and residential care homes are entering the health care market for the first time, often with no previous experience of the sector. However, with careful planning and, in many cases, a close involvement in the business, they soon make a commercial success of their purchase. A typical example is John Phillips, a lecturer at Southfate College in London, who began looking for a restaurant before seeing Christie & Co advertisements for the sale of a number of nursing and care homes. With his wife, Pat, he inspected more than 30 premises before deciding to buy the 19-registration Hollies residential home in Palmers Green, North London. After visiting so many homes, he said he “knew what a good home looks like”. “We knew we would like to buy a home big enough to support a manager as neither my wife nor I had any specialist experience,” Mr Phillips recalled. “But we get on well with elde

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