Property Title: Day Nurseries - Group of 4 nurseries. West Midlands

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 24 Dec 2021

Location: Staffordshire

Guide Price: £2,400,000 (Leasehold)

Property Agency: Redwoods Dowling Kerr

Reference: 48799

Description

Opportunity to acquire a superb group of four childcare settings

OVERVIEW
Redwoods Dowling Kerr are pleased to present Project Taylor, the opportunity to acquire three leasehold childcare settings and one freehold setting in the Midlands.

KEY ATTRIBUTES
Combined capacity for 202 children
All settings rated as 'Good' by Ofsted
Operating from accessible locations
High occupancy levels
3 Leasehold settings
One freehold setting

FINANCIALS
Combined turnover of £982k for year ending December 2020, with a combined adjusted EBITDA of £315k for the same period
Forecasted turnover of £1.3m for year ending December 2021, with a forecasted combined adjusted EBITDA of £430k for the same period (Calculated based on actuals)

DESCRIPTION
Established by the present owners in 1990
All settings closely located in areas of the Midlands
Highly qualified staff in all settings
Offers care for children up to the age of 11
Limited rental payments

OPPORTUNITIES
The group offers a superb opportunity to acquire a reputable childcare provider in the West Midlands.

There may be further acquisitions as the business grows with the potential to expand to other areas of the Midlands.

One setting has the possibility to be extended to increase occupancy, with the group as a whole having the potential to offer weekend care and extend their opening hours to drive revenue.

SUMMARY
Project Taylor represents an excellent opportunity to acquire a group of four childcare settings in the West Midlands. The business is now available to the market as the Directors wish to retire.

CONTACT
ASKING PRICE: £2,400,000
Quoting: Project Taylor, Ref 48799