The team at Chandler & Co. work with new and existing care home providers to ensure that an application for finance has the best chance of success. 

Here are a few Tips to ‘get finance ready’ ahead of your next care home acquisition: 

• Have a clearly defined business plan
• Include an executive summary 
• Provide your career background 
• Relevant experience
• How far is the target care home from your base/existing services?
• Provide a brief synopsis of the care home’s staffing structure 
• How often will you visit the care home, what oversight will you have? 

• Clarify your care home business structure and beneficiary owner(s) 
• An expanding care home group will need to consider lending and tax implications 

• Set out the details of your target care home business 
• Review the latest Regulator reports 
• Research local competitors to the target care home 
• Research local demographics and funding whether private, local authority or CHC 
• Obtain local authority reports, especially if the care home has an historic older rating 
• Carry out a review of your financial and funding requirements 
• At Chandler & Co. the team will assess the EBITDA and financials of the target care home including a stress test for debt service cover
• Obtain the care home’s occupancy details of the current and latest 6 months
• Review the ratio of privately funded: local authority 
• Obtain a report of latest fees charged 
• The Chandler & Co. independent specialist care home broker will take into account your loan term and required amortisation profile 
• Prepare current and forecast financials 
• Update a review of your assets and liabilities, together with your personal annual income and expenditure requirements 
• Provide proof of funds 
• Obtain CVs of key staff of the target care home