The previous owners, Mr and Mrs Goaman, have sold the business to enable them to retire. The new owners are likely to be relocating to Devon with their family from the South East of England.
Jonathan Southgate, Business Agent in Christie & Co’s Exeter office who handled the sale comments, “We are delighted for both the seller and purchaser of this well-regarded care home.
“With this transaction we see the continued appetite from the banks to support the South West region’s healthcare businesses despite the current economic and political uncertainty. Furthermore, the increase of first-time buyers entering the care home market demonstrates a renewed interest in the care sector.
“We received multiple offers at the point of sale with the applicant successfully obtaining funding with the assistance of Christie Finance.
“The sellers of the home are now free to retire from the care industry, and the new owner will take the helm of this successful Devon care home. We wish them all the best.”