Business Summary

Location

The nursery is situated in a predominantly residential area within a town of the Metropolitan Borough of Wigan.

The property is located within a residential estate approximately 0.2 mile to the east of the local town centre. There is excellent access to the nursery via good motorway network links, public transport and nearby train station.

Business Profile

The nursery was established and opened by our client in 2004. During this time our clients have established an excellent reputation in the area having built a very strong level of occupancy. The business operates with a full complement of staff including a full time registered manager.

We are advised that at the time of our instruction there were 66 children on roll.

Property Description

The property comprises a detached building which is part single and part two storey with a single storey extension to the original two storey dwelling.

The property is arranged with its clients reception located in the single storey section. Off the reception is a disabled w/c.

To the left of the reception is the toddler room with a bathroom off. To the rear of the toddler room is the pre-school with french doors leading to an astroturf play area.

To the rear of the reception an interal corridor leads to the right where there is a baby room which includes a sleep room with a kitchen to the rear.

Stairs from the internal corridor lead to the first floor where there is an office, kitchen /staff mess room, staff W/C and storeroom/additional office space.

Externally to the front of the property is an off-road car park area marked for four vehicles, the rear of the property is secured by a gate and brick wall.

The property was well presented at the time of our visit and maintained to a good standard.

Accommodation

Ground floor: 2,256sq.ft (209.6sq.m)
First Floor: 518 sq.ft (48.1sq.m)
Total floor area: 2,774 sq.ft (257.5sq.m)

Registration

The nursery is currently registered with Ofsted to provide care to no more than 48 children in the early years age group; of these, not more than 24 may be under 3 years at any one time and of these not more than 12 may be under the ages of 2 years at any one time.

New Ofsted rules may make these number flexible.

Tenure

Freehold. Frobishers have not examined any title documentation and a buyer should arrange for their solicitor to verify that this information is correct.

Business Rates

Rateable Value: £5,300. Rates Payable: £2,385.
The business qualifies for business rates relief subject to application.

Fixtures & Fittings

We are advised that all trade fixtures and fittings are owned outright by our clients. A schedule of fixtures & fittings will be made available for prospective buyers.

Trading Hours

The nursery currently trades:

Monday to Friday 7.30am to 6.00pm.

Trading Information

Management accounts provided to us by our client show a fee income for the year ended October 2012 of £275,788 and an adjusted net profit of £45,387.

Staff

Full time manager, one deputy manager/baby room leader, two room leaders (toddler/pre-school), eight nursery practitioners and one chef.

Price

£399,995 for the freehold property, goodwill, fixtures & fittings plus SAV

Property Details