Business Summary

Description:-

ORE are delighted to offer this Day Nursery for sale located within a densely populated area of North London and within a short distance of major transport links including an Underground railway station. The nursery provider has developed a close relationship with many of the primary schools within the local area. It has been established for more than 2 years, and as such benefits from strong community ties.

This nursery provides a fantastic opportunity to purchase an established nursery business, and within the hands of an experienced management team, can increase profits further with minimal capital outlay.

Registered Numbers :-

This nursery is registered for 25 children which includes children aged 0 to 5 years.

Location :-

The premises are located within a densely populated area and are surrounded by more than 40 primary schools within a mile radius. Local transport includes an underground station and other active public transport links.

Property :-

The Nursery trades from non-domestic premises which benefits from dedicated parking spaces, and easy pick-up and drop-off accessibility. The nursery operates over a single storey and has dedicated outdoor space which is fitted with soft-surface material.

The general outlay of the premises is inviting and colorful which provides an ideal environment for a happy and productive nursery.

The ground floor reception area is fully secured with a buzzer entrance and leads to the main play area which is designated for pre-school years and equipped with toys, learning aids, furniture and access to the play area. This area further benefits from office and kitchenette along with child toilet facilities. Staff facilities are located within the communal area of the premises.

The outdoor environment includes a fenced, covered soft-surface area with a shed to store outdoor playing equipment.

Fee Income :-

The nursery’s current turnover y/e 2013 is in excess of £160,000 (Current records and accounts can be inspected when viewing the business).

Fee rates are as follows: under 2's are £1,085 per month and over 2's are £870 per month full-time.

Staff :-

The business is led by the owner along with 5 full-time and part time members of staff who hold relevant qualifications.

Accommodation :-

There is no residential accommodation associated with this nursery.

Lease Terms & Tenure :-

ORE have been advised that the premises are held on a 10 year lease which is completing in July 2014 and that the Landlord has indicated that they are willing to extend the lease (subject to contract, references and approval).

Terms to be agreed.

Premium :-

A premium of £170,000 is sought for the leasehold interest, fixtures and fittings and business goodwill.

Legal Costs :-

Ingoing tenant to pay reasonable Landlords’ legal costs.

Property Details