Childrens Day Nurseries for sale in Scunthorpe

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Children's Day Nursery - Lincolnshire

Scunthorpe, Lincolnshire, England

  • Freehold Price: £175,000
  • Leasehold Price: £50,000
  • Sale Agreed
  • Annual Turnover: £145,848
  • Annual Gross Profit: £139,861
  • Annual Net Profit: £7,105
Seller Reference: 7373
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Business Description
 
 
 
 
 
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Seller Reference: 7373
Request Details
Business Description
Located Next To Busy Primary School
Accounts Available to 31st October 2019
Annual Turnover £145,848
Gross Profit £139,861
Net Profit £7,105
Accounts Available After Viewing
Established 2008
Registered For 54
5* Food Hygiene Rating
Fully Equipped
Well Presented
Scope For Longer Opening
Potential to Introduce Holiday Clubs
EPC - D
REF 7373 – Freehold Children's Day Nursery
Blacks Brokers are pleased to bring to the market this freehold children’s day nursery located in Scunthorpe, Lincolnshire.

INTRODUCTION
DoReMi Nursery was established in this residential area of Scunthorpe in 2007 and our client took ownership in 2008. The business offers childcare between the hours of 07:30 and 17:00 Monday to Friday and is registered for 54 children with a COVID occupancy level of 20%. It has become very well known in this area and has a strong base of regular customers in place as well as benefitting from a huge amount of additional trade due to this excellent trading position immediately next to a busy primary school. Our client has ensured the business has an excellent reputation and superb reviews are noted online. DoReMi Nursery has a comprehensive website in place.

LOCATION
DoReMi Nursery occupies a superb trading position next to a primary school in a residential area of Scunthorpe. The area is densely populated residentially and there are also a number of businesses nearby including independent retailers and large multiples such as Asda and Tesco Express. There are also a number of housing estates nearby as well as parks, the local hospital and colleges. The area is well linked by the M180 and M181 with very strong public transport links and parking is available immediately outside.

REASON FOR SALE
The business is currently managed by staff due to our client’s other business commitments, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The business is offered for sale on a freehold peppercorn basis. However, our client will consider a leasehold offer if preferred with the lease to be negotiated with the buyer.

STAFF
The business operates with ten members of staff in employment – this includes a full time manager and deputy as well as room leaders as required.

FINANCIAL DETAILS
DoReMi Nursery has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st October 2019 show annual turnover of £145,848 and gross profit of £139,861. Full financial information is available upon request.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This long established business occupies an enviable trading position in a residential area of Scunthorpe. Our client has secured a strong customer base and good reputation. There is plenty of scope to develop the business further with the introduction of longer opening hours, possibly a holiday club and out of hours school club with collection and drop off service where appropriate. A new owner would also look to improve the current Ofsted rating and build a new online presence with social media following for free advertising. This proposition would ideally suit an owner operating team who could bring more stability to staffing and continuity of care for children. Early viewings are strongly advised.
Tenure:
Leasehold, Freehold
Is accommodation included?:
BUILDING LAYOUT AND DESIGN
DoReMi Nursery operates from a spacious detached property with car park to front. The business has large branding and signage on display above the main entrance. Inside, the nursery is one large, open plan space with individual areas dedicated to children of differing ages. This includes a baby area, classroom zone, home corner and much more. There are also toilet facilities, a kitchen, staff room and numerous storage areas. All areas are well equipped and presented nicely.

Location Details:
Scunthorpe
Listed by:
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