Property Title: Project Kinsley - Group of 2 stunning freehold nurseries - Scotland

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 24 May 2023

Location: Scotland

Guide Price: Bids Invited (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 49704

Description

PROJECT KINSLEY
Opportunity to acquire a group of 2 stunning freehold nurseries over 4 freehold buildings in Scotland.
Highlights
Combined capacity for 244 children with ample opportunity in place to further expand
4 Freehold properties with a combined property value of circa £3.7m
Overall occupancy level of 80% over the last 3 years
Both settings have been renovated to an extremely high standard and are immaculately presented premises with quality resources
1 setting has planning permission to extend the building to create another playroom 94m2 for another 58 children
Settings are within a 2-mile radius of each other
FINANCIALS
Combined forecasted turnover of £2.1m for the year end April 2023 with a forecasted adjusted EBITDA of £1.15m for the same period. The forecast has been calculated based on actual bookings and with no funding rate increase so is the minimum level of trade expected.
Combined Turnover of £1.6m for the year end April 2022 with an Adjusted EBITDA of £883K for the same period
ASKING PRICE
Bids Invited to include the 4 freehold properties
CONTACT
Call Sarah Ellison
Quoting: Project Kinsley, Ref 49704