Childrens Day Nurseries for sale in Lincolnshire

View the "CHILDREN’S DAY NURSERY - SPACE 77 - EASY REACH SCUNTHORPE & DONCASTER, NORTH LINCS" below and request further details. Alternatively, please view the similar businesses in the 'You May Also Like' box below.
 

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Polly Franey (July 2015)
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Leasehold Price: £220,000 Annual Turnover: £65,471
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Business Description
LOW PRICED OPPORTUNITY WITH CONSIDERED GOOD POTENTIAL - CHILDREN’S DAY NURSERY - SPACE FOR 77 CHILDREN - CURRENTLY UNDER TRADING - COUNTRY TOWN - EASY REACH SCUNTHORPE & DONCASTER, NORTH LINCOLNSHIRE

High Capacity Children’s Day Nursery occupying relatively Modern Detached Single Storey Premises well located in the centre of a North Lincolnshire Country Town within easy reach of Scunthorpe and Doncaster.

The Built Brick Detached Premises occupy a site with immediate potential to improve visual signage.

Covered Entrance Loggia leading into Entrance Vestibule / Hallway and then on to the main Nursery space (circa 2,335sq.ft. - 217m2 overall) arranged into:- Five Nursery Areas. Sleep Room. Fitted Galley Kitchen. Children’s Cloakroom. Two Adult Toilets.

Secure outdoor play space with high walling and soft play surface.

The Nursery is currently run entirely by staff as the present owners have other business commitments outside the area to which their working time is fully committed leaving this Nursery with an excellent opportunity for a new younger owner to develop and create a good and long term investment.

The Nursery has been trading for just under one year and has been slowly building. Trading figures for the current year show a projected Turnover of circa £65,471 with good growth forecast for the year starting September 2016.

PURCHASE OPTIONS

1. Vendors will retain the property and grant a Full Repairing & Insuring Lease in respect of the whole Nursery Premises for a term of 10 / 15 years at a rent of £15,000 per annum exclusive of rates and subject to 5 year upward only review. On this basis the asking price for goodwill, lease, tenants’ fittings, fixtures, utensils & equipment:- £20,000 STOCK EXTRA AT VALUATION

2. Alternatively vendors will sell the Nursery business together with the property itself which is subject to a 125 year ground lease at a ground rent of £5,000 per annum (subject to 25 year upward only review). On this basis price required:- £220,000 STOCK AT VALUATION
Tenure: Leasehold

Location Details:

Well located in the centre of a North Lincolnshire Country Town within easy reach of Scunthorpe and Doncaster

Listed by: A H LANSLEY
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DN.1367
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