Property Title: Project Emelie - Hertfordshire

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 31 May 2023

Location: East of England

Guide Price: Bids Invited (Leasehold)

Property Agency: Redwoods Dowling Kerr

Reference: 49004

Description

PROJECT EMELIE
OPPORTUNITY TO ACQUIRE a Day Nursery in Hertfordshire
HIGHLIGHTS
Purpose-built, spacious setting with the potential to expand.
Current capacity for 70 children between the ages of 3 months and 5 years with ample opportunity to extend this further by utilising the current ancillary spaces
Our clients own the freehold property and are wishing to offer the business for sale on a leasehold basis
Established for over 25 years.

FINANCIALS
Turnover of £836k for year end March 2022 with an adjusted EBITDA of £258k
Fee income of £384k for the 5 month period April - August 2022
Turnover of £580k for year end March 2021 with an adjusted EBITDA of £170k
Turnover of £928k for year end March 2020 with an adjusted EBITDA of £325


ASKING PRICE
BIDS INVITED ON A LEASEHOLD BASIS

CONTACT
Call Karrina Lee
Quoting: Project Emelie, Ref. 49004