SE15 Childrens Day Nursery Registered For 30 For Sale

Business description

Children’s Day Nursery operating from fairly modern single storey purpose built premises in Peckham, London, SE15.

Registered for 30 children between the ages of 2 and a half to 8 years old.

The premises comprise front gate entry system, entrance foyer with coat hooks, two class areas, staffroom, laundry room, office, fitted Kitchen, staff & children’s toilets.

Outside:- Fully fenced part concrete, part soft and grass playground with an assortment of outdoor play equipment.

The owners have other business commitments overseas and are not able to devote much time to the development of the Nursery.

We are advised by the owners that Turnover for the year ended March 2010 was circa £176,000. Wages and salaries were just above £100,000. Currently trading at a Net Loss due to the owners having business interests overseas and not being able to devote much time and attention to the Nursery. It is considered that a hands on working owner with experience in the childcare sector should be able to reduce the wage bill and together with fresh marketing strategy and personal management should be able to turn the business into a profitable concern.

Daily fee rate £45.00. A full list of fees are available on request.

Price required:- £100,000
OR
Can be purchased together with a Baby Unit next door for £150,000.

Property information

Property:

Leasehold

Lease terms:

We understand the head lease expires around 2019 and the Vendor will grant a sub-lease at a rent of £18,000 per annum with a rent review due for the last 5 years of the lease term.

Leasehold rent:

£18,000 per annum

Business Operation

Trading hours:

7.30 to 6.30pm Monday to Friday (50 weeks).

Employees:

Manager, Part Time Administration Officer, 3 full time Nursery Nurses & a part time cleaner.