In any industry, there are absolutes. We know funding is never high enough and a single setting with less than 40 places is not profitable. Large group buyers won’t look at any setting with less than £150,000 in Earnings Before Interest, Taxes and Amortization (EBITDA) and a minimum 50 places.
In a time where more external investment is coming into the sector, we are seeing a trickle down of more business-minded practices which are applicable to the smallest single setting as much as the largest group model. Yet, when we see these practices in place in a small single setting, the general response is an air of disbelief.
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