Property Title: Childrens Day Nursery In Sefton, Merseyside

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 29 Jan 2019

Location: Bootle, Merseyside

Guide Price: £99,950 (Leasehold)

Property Agency: Abacus Day Nursery Sales

Reference: 6636

Description

Children's Day Nursery In Sefton, Merseyside

• Next Door To Primary School
• Profit & Loss 31st May 2018
• Annual Turnover £173,460
• Net Profit £35,041
• Accounts Available Upon Viewing
• Registered For 35 Children
• Operated Under Management
• Low Overheads
• Established 1978 / Superb Reputation
• Five Star Hygiene Rating
• Retirement Sale
• EPC - D

Leasehold: £99,950

REF 6636 – Leasehold Children’s Day Nursery
Blacks Business Brokers are pleased to bring to the market this leasehold children’s day nursery located in a densely populated area of Sefton, Merseyside.

INTRODUCTION
Griffin Nursery has been trading from The Grange Site since 1978 with our client in ownership since 2008. The nursery is well known in this area with such an impressive trading history and offers superb childcare in a convenient position. The nursery is registered for 35 children and has a food hygiene rating of five.

LOCATION
Griffin Nursery is positioned next door to Grange Primary School in Netherton. This is a well populated residential area which is well linked by the M58 and M57. Public transport links are excellent and free parking is available immediately outside.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due our client’s retirement, the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.

LEASE
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is five and began in 2014 at a cost of £225.92 per week – this includes rates and services. The lease is provided by Sefton Borough Council and we are advised this is renewable.

STAFF
The business is currently operating with two full time and ten part time members of staff in employment – this includes a full time manager. Our client is not working in a hands on role, but oversees management.

FINANCIAL DETAILS
Griffin Nursery has traded solidly during the last forty years. The accounts for year ending 2018 show annual turnover of £173,460 with a net profit of £35,041. Full financial details are available upon viewing.

BUSINESS RATES
Purchasers should enquire with relevant local authorities to confirm the rates payable.

SUMMARY
This leasehold business is long established and has an enviable reputation in this area. There is plenty of scope to develop the business further with some modernisation of outdoor space and potentially some renovation inside. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.

Business Accommodation
Griffin Nursery operates from a single storey property with patio area and car park to the front and play area to the rear. Inside, the nursery is split into two main play areas, one for toddlers and one for pre-school children. Both areas are presented well and finished to a high standard with age appropriate equipment, toys and décor. There are also staff and children’s toilets and a baby change area in addition to staff room, managers office and fully equipped kitchen. All fixtures and fittings are of good quality and are included in the sale – this includes toys, books, computer, office furniture, kitchen equipment and so on.

Fixtures & Fittings
All fixtures and fittings, toys, books, computer, office furniture etc included in cost of sale, kitchen equipment also included.

Financial Information
Annual Turnover: £173,460
Net Profit: £35,041
Rent: £225.92 Per Week Including Rates & Services
Opening Times
Mon - Fri - 8am - 6pm
Sat & Sun - Closed