WORCESTERSHIRE FREEHOLD NURSERY FOR THIRTY PLUS AFTER SCHOOL CLUB

Price:

Freehold - £465,000

Turnover:

Seller Ref:

CC2240

Location:

Worcestershire

Business Type:

Care Businesses

See Other:

Childrens day nurseries for sale in Worcestershire
Care businesses for sale in Worcestershire

Description:

THE BUSINESS:

OWNERS’ THREE BEDROOM ACCOMODATION OR SCOPE TO EXTEND REGISTRATION TO FIFTY. FURTHER LEASEHOLD SETTING REGISTERD FOR SIXTY FOUR.

OVERVIEW

Established and operated by the current owners for over twenty two years; a well regarded kindergarten. Registered with Ofsted for early years provision for thirty (scope to extend to fifty) and sixty four to a nearby leasehold satellite nursery which also offers an after school club.

The principle freehold nursery setting operates from a spacious detached Edwardian house which has had a large two storey extension added. The nursery operates from the ground floor with the upper floor providing three bedroom private accommodation. If required the first floor can be converted to nursery use resulting in an increased registration to fifty.

Certified accounts show fees receivable of £255,704 per annum with earnings before interest, taxation, depreciation and amortization of £68,694 to the owners.

Fees charged £34.00 day rate. The kindergarten is open fifty weeks per annum, closing for one week over Easter and Christmas.

LOCATION

The principle freehold nursery setting is situated within a residential district of privately owned executive housing. The satellite nursery and after school club is approximately two miles away and operates from a modern single storey community sports pavilion; with access to adjacent sports fields and play areas.