Property Title: Project Rise - Scotland

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 31 Jan 2023

Location: Scotland

Guide Price: £1,500,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: RDK48832

Description

Project Rise
Opportunity to acquire a freehold day nursery in Scotland
OVERVIEW
Redwoods Dowling Kerr are delighted to offer Project Rise to the market. Project Rise presents the opportunity to acquire an excellent freehold day nursery in Scotland

KEY ATTRIBUTES
72 places nursery for children aged between 6 weeks and 5 years old
Excellent relationship with local authorities
Historically high occupancy levels
Qualified and trained staff
Freehold opportunity
FINANCIALS
Turnover of £563k for year ending July 2021
Adjusted EBITDA of £258k for the same period

DESCRIPTION

Established in 1996
Current occupancy levels between 75% - 80%
Enjoys many recommendations and referrals with no need to advertise
14 out of 17 staff members are First Aid trained, all staff trained in Child Protection
Received 'Good' from Care Inspectorate in the last inspection
Operates from an accessible location with access to major areas of Scotland via car, train or bus
OPPORTUNITIES
There is an opportunity to extend rooms in the setting and increase the current capacity by 30 places.
There are extensive outdoor areas surrounding the setting which may be used to develop a Forest School or an outdoor nursery.
The excellent reputation of the setting also presents an opportunity to acquire another setting in the local area.
SUMMARY

Project Rise represents a superb opportunity to acquire a reputable provider of childcare in Scotland which is now available to the market as the owners wish to retire.

CONTACT

ASKING PRICE: Bids Invited with a guide price of £1,500,000
Call Sarah Ellison
Quoting: Project Rise, Ref 48832