Property Title: Nursery Group - Glasgow - 44027

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 15 Aug 2019

Location: Scotland

Guide Price: £3,000,000 (Leasehold)

Property Agency: Redwoods Dowling Kerr

Reference: 440027

Description

Award winning leasehold nursery group which comprises of five settings located in and around the thriving city of Glasgow.
• Income of £2,493k for the year ended August 2018 generating an impressive adjusted EBITDA of £717k
pre-head office. Projected income of £2,716k for the year ending August 2019 generating an exceptional
EBITDA of £893k pre-head office
• Registered for 405 children
• Consistently high Care Inspectorate ratings
• Autonomous management team at each setting supported by well qualified practitioners who are capable of running the business on a day to day basis
• Track record of achieving and exceeding business and financial plans
• Business plans in place for each setting aimed at growing and developing in each location
• Significant opportunity for future growth in income and profitability and to build on the strong performance of the Group