Children's Day Nursery in Eastbourne, East Sussex For Sale
Price:
Leasehold - £42,500
Location:
East Sussex, Eastbourne
Business Type:
Care Businesses
The nursery was established in about 1996 and acquired through Transagents by our client in June 2007. She is now selling to emigrate. Registration is for children aged between 1 and 5 years with 26 children being permitted at any one time. Fees are currently £3.00 per hour but have not been revised in recent times. In addition to the usual activities there are also trips to the park and library, and although the nursery provides cheese and crackers, the children bring their own packed lunches.
Annual accounts for the year ended 31 August 2009 confirm that fees reached £68,148. Our client forecasts that for the 2010 year, fees will reach about £77,240 to produce a net profit of about £19,613.
As a great many young families now depend upon two incomes, the nursery offers a very valuable service and we also understand that tax credits will pay up to 80% of the hourly charge.
NB The new purchaser or one of the partners must be registered and approved by OFSTED.
TENURE
A 15 year lease from 25 March 2001 with 3 yearly rent reviews at a current basic rent of £10,200 per annum until review 24 March 2010. The rent is paid by equal monthly payments in advance.
The nursery is situated in a very pleasant and densely populated residential area. There is unrestricted kerb-side parking in the street whilst nearby is a well supported local shopping centre.
A 15 year lease from 25 March 2001 with 3 yearly rent reviews at a current basic rent of £10,200 per annum until review 24 March 2010. The rent is paid by equal monthly payments in advance.
8.30 am to 5.15 pm Monday to Friday for approximately 47 weeks per annum.
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