Childrens Day Nurseries for sale in South London

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Colin Morley (October 2016)
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Leasehold Price: £450,000 Price Reduced Annual Turnover: £450,000
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Business Description
Description
ORE are delighted to offer this Day Nursery for sale located within a densely populated residential area of South London and within short distance of major transport links including an underground railway station. Historically a nursery has been established in this location for over 8 years, with an Ofsted 2017 rating of good and as such benefits from strong community ties. The self-contained and dedicated premises held on a renewable lease with play areas allocated for baby and pre-school age groups and include office, kitchen and outdoor play area facilities.

This nursery provides a fantastic opportunity to purchase this new nursery business, with superb opportunity to extend the business and profits significantly with minimal capital outlay.

Registered Numbers
This nursery is registered for 54 children which includes children aged 0 months – 2 years and pre-school (3-5 years). There are currently 80 children on the roll at the time of listing and a waiting list stretching into 2018.

Demographics
The total population of the borough is 275,900, an increase of 27,000 (9.8%) since the 2001 Census. There are more females (51.1%) than males (48.9%) in the Borough. The proportion of population aged 0-19 at 25.4% is slightly higher than the England average of 24.0%.

Property
The Nursery is in a self-contained building which benefits from exclusive use of the business premises. The nursery operates over two floors with one large
pre-school room on the ground floor and further areas on the first floor catering for baby's to toddlers also a room at the front and a purpose built one to the rear, other uses and benefits from a outdoor play area as well.

We know the importance and effect of the surroundings upon children and the outlay of these premises is inviting and colourful providing ideal environment for a nurturing, happy and productive nursery.

The bright and airy secured entrance leads to the front play area which is adjoining the fitted kitchen and leads on to the first floor with office. The baby and pre-school areas are equipped with new toys, learning aids and furniture. There are wc facilities available on both floors.

The Pre-school is equipped with a Montessori Ethos in mind and is led by a fully qualified Montessori teacher

There is an abundant amount of storage for the dividers, toys and other equipment and design for quick and easy setup.

Business
The nursery's current turnover is y/e 2014 is in excess of £450,000 and in the preceding y/e 2013 the turnover was in excess of £450,000 (Records and accounts can be inspected when viewing the business).

The fee rates are as follow: under 2's years are £270 per week and 2-3 years are £245 per week and over 3's years are £240per week full time.

The nursery is open between 08:00 - 18:00 Monday to Friday totalling 51 weeks a year.

Staff
There are 15 members of staff with a majority qualified to levels 3 and 7.
Accommodation

There is no residential accommodation associated with this nursery

Lease Terms & Tenure
This business is held on a leasehold basis which commenced in March 2016 for a term of 15 years from December 2016. The annual rent is £27,000 per annum with a 5 yearly rent review period.

The rateable value is £27,000 as stated on the 2010 rating list.

Premium
A premium in excess of £450,000 is sought for the business, fixtures and fittings and business goodwill.

Legal Costs
Ingoing tenant to pay reasonable Landlords’ legal costs.

Viewings Arrangements
Viewings highly recommended. If you are interested in viewing this property please contact your agent at ORE on 02084729090.
Tenure: Leasehold

Downloadable Documents

Listed by: Oakville Real Estates
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