Annual Takings Of £241,000
Registered For 56 Places
Includes After School Club
Scope to Increase Fees
EPC Rating - C
Blacks Brokers are delight to present to the market, Appleton day nursery of which is an impressive property and business located in Newark.
The OFSTED report for the nursery provides as good across all five sectors. It mention specifically that there is a knowledgeable team of staff at the nursery and mention specifically the respect and kindness in which children are dealt with.
There is also mention of the experience of the manager and deputy manager.
It states "the well-qualified manager, deputy manager and staff for me stable and hard-working team close ". It then goes on to say "staff provide children with a broad range of activities that meet their individual needs"
The Nursery is situated within a mile of Newark’s bustling town centre and utilises an impressive 2 storey property. This core property was extended in 2006 with the construction of a purpose built single storey property, this took the registration the current 118 places.
Investment in the nursery has been significant. The design and adaptation of the property has been carried out skilfully and with great expertise, and although still quite obviously based around a former residential dwelling, the property fulfils its new role perfectly.
The current owners acquired the business in 2006 and the last few years have seen the annual fee income consistently around the £250,000. New owners will undoubtedly consider that the current fees, under 2’s paying £155.00 pw and over 2’s paying £145.00, are ripe for an increase, therefore increasing annual income.
Regardless of any fee rises, year ending 2012 accounts are likely to see a further rise in fee income by approximately £10,000.
The Nursery is now a mature and profitable business, demonstrating the need and demand in Newark for quality childcare.
The Property is consists of 2 parts, the original property, formerly a house and the extension. The Front of the Property is the original house and nursery, with the extension forming a reception to the side with the remainder being to the rear. The front of The Nursery is the reception area, administration offices and foyer. To each side are the children's areas. One side is the after school club and dining area with a spacious and well equipped catering kitchen. To the other side, is the nursery area, with various age related play rooms from the baby unit through to pre-school. All the play rooms are bright, well presented and childcentric and create a tremendous environment for nursery age children. To the rear and side are 2 secure outside play areas, while to the front is an extensive off road car park.
Location Details: Newark-on-Trent
Leasehold Term: Rent: £807.69 p/w
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