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Exceptional Residential Trading Location
Accounts 31st March 2018
Annual Turnover £197,861
Gross Profit £182,492
Adjusted Net Profit £73,310
Accounts Available Upon Viewing
Registered For 48
Operated With Deputy Management
Fantastic Team Of Staff In Place
Well Equipped With Scope To Expand
EPC - C
REF 6630 – Freehold Children’s Day Nursery
Blacks Brokers are pleased to bring to the market this freehold children’s day nursery located in a densely populated area of Hooe, Plymouth.
All Aboard Pre-School has been trading from Hooe Road since 2013. Our client established the business to capitalise on the perfect trading position within the school grounds. In 2014 due to magnificent growth, a second building was put on site to cater for the huge demand. The nursery is well known in this area and offers superb childcare in a convenient position. The nursery is registered for 48 children and has a food hygiene rating of five. At present, the nursery opens between 07:30 and 18:00 Monday to Friday. The nursery has historically been operating with occupancy levels at 100% due to the sought after location, though this has temporarily dipped slightly due to birth rates. The primary school in whose grounds the nursery is located is very sought after, and the nursery has lots of children attending the nursery due to wanting to attend this primary school upon graduation.
All Aboard Pre-School is positioned within the grounds of Hooe Primary School in Plymouth. This is a well populated residential area which is well linked by the A38. Public transport links are excellent and free parking is available close by. This area of Plymouth has a high percentage of armed forces families and the nursery offers service discount. The beach is within five minutes of the nursery along with a nature reserve and Hooe Lake. There are over 30,000 houses currently being built within a 5 minute drive of the nursery, which will increase intake for the nursery once completed.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due our client’s ill health, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business is currently operating with eight members of staff in employment supporting our client working on a full time basis in a management role. All staff are level three qualified or working towards level three.
All Aboard Pre-School has traded solidly since opening and flourished since opening the second building to accommodate further children. The accounts for year ending 2018 show annual turnover of £197,861 with a gross profit of £182,492, and an adjusted net profit of £73,310 . Full financial details are available upon viewing.
Purchasers should enquire with relevant local authorities to confirm the rates payable.
This freehold business is well established and has an enviable reputation in this area. There is plenty of scope to develop the business further with the application for higher registration numbers – this could be achieved with the usage of spare space currently used as a decking area. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Monday - Friday - 7.30am - 6pm
Saturday and Sunday - Closed
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