November 7, 2018 Property

First-time buyer acquires two care homes in Lancashire

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Redwoods Dowling Kerr are pleased to announce the sale of two residential care homes in Lancashire.
First-time buyer Mr Al Noor Kannu is now looking to build on the success of the care homes by developing them under a fresh ethos. An engineer by trade, he was attracted to healthcare sector due to demand and growth within the sector.
Citing the steady growth and healthy profits of the business as factors that persuaded him to purchase, Mr Al Noor Kannu said:
“I recently bought a group of two care homes in Lancashire from Redwoods Dowling Kerr and the service I received from them and Asif Musa was excellent.
“Asif Musa had been really helpful during the sale process and I found him to be proactive, knowledgeable, and professional. Asif stayed in contact throughout the sale process and answered all our queries promptly and kept me well informed.
“I would not hesitate in buying another care home soon through Redwoods Dowling Kerr.”
Commenting on the service facilitated by Redwoods Dowling Kerr, the vendor said:
“I would like to thank Redwoods Dowling Kerr for the sale of my two care homes. Asif co-ordinated well with both parties to bring the sale to a successful conclusion.”
Sales negotiator Asif Musa said:
“I wish my client all the best with his retirement and purchaser Mr Kannu the best of luck with his plans moving forward.”
With 28 registered residents across both settings, the homes operate at a healthy capacity with regular referrals and recommendations. The homes also enjoy a good reputation with the Care Quality Commission, having both achieved an overall ‘good’ rating in their most recent inspections.
The two homes also enjoy excellent working relationship with ancillary services with 20% of residents in their care receiving help from the local authority and 80% privately-funded.

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