The Firs Residential Home in Derbyshire has been purchased by new entrants to the care sector following a confidential sales process with Christie & Co.
The Firs, a ‘Good’ rated residential care home registered for 28 residents, is located in the Derbyshire village of Breaston, eight miles west of Nottingham.
The Firs has been owned by Yvonne Dunbar for 17 years and was brought to market to allow her to retire. It has been bought by Dr Daljinder Bajwa and Gurpreet Singh Jassal.
Yvonne Dunbar said: “I bought the home 17 years ago and, since then, the team and I have grown it considerably – adding eight more bedrooms and developing its reputation into the well-known, well-regarded home that it is today. I decided to sell to retire and couldn’t be happier to hand it over to Gurpreet and Daljinder who, I’m sure, will maintain the high standards that we’ve set and carry on growing the business. I wish them all the best.”
Rosie Turner, senior business agent – care at Christie & Co, commented: “Having built a relationship with Yvonne over the years, I am delighted to have been able to assist her in the retirement sale of her beloved home, The Firs. We ran a confidential marketing process which received a good level of interest due to the home’s profitability and desirable location.
“This is another great example of the demand that exists for smaller homes in the East Midlands. While there are new challenges within deals, such as the interest rate rises and wider economic factors, signs still point towards a positive outcome for smaller going concerns within the region. It also shows that a new operator with great experience and business ideas, like Gurpreet and Daljinder, can still raise funding to acquire their first home. I wish Yvonne the happiest of retirements and look forward to seeing Gurpreet and Daljinder grow the business.”
