Property Title: Project Grace - North East of England

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 19 Jan 2022

Location: North East England

Guide Price: £200,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: RDK49092

Description

PROJECT GRACE

Opportunity to acquire a day nursery located in the North East

KEY ATTRIBUTES
Freehold sale with potential to expand the property
Effective operating capacity for over 100 children but the current owner chooses to limit this to 30 children per day
Rated as 'Good' by Ofsted and received a 'Very Good' Food Hygiene rating
Robust staff structure with qualified practitioners
Established in 2003
Property value of £200k
Cemented an excellent reputation in the local area

FINANCIALS
Adjusted EBITDA of £32K for year ending 2020
Turnover of £186K for the same period

OPPORTUNITIES
The current owner currently limits the capacity to c.30 children per day but the setting can be run with 100+ children
The setting is able to offer after-school and holiday clubs which will increase the revenue
There is an opportunity to include or convert the property in to a children's activity centre

ASKING PRICE
The asking price for Project Grace is £200,000 including the freehold building.
This is an asset sale.