Property Title: Children's Day Nursery - Derbyshire 43893

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 20 Jul 2023

Location: East Midlands

Guide Price: £1,150,000 (Freehold)

Property Agency: Redwoods Dowling Kerr

Reference: 43893

Description

Substantial freehold property, grounds (c. 9,956 sq ft) with the opportunity to develop part of the site as a building plot (c. 5,252 sq ft subject to Planning).
Cur Reg: 54. Expandable to 104 (add 2,772 sq ft Subject to Planning and EYFS).
Fantastic location with a large number of housing developments; thousands of new family homes are being built within minutes of the nursery.
Long established quality nursery, superbly presented throughout to an exceptionally high standard.
Fully managed with limited operational input from the owner. Long service, experienced well-trained staff team.
Unrivalled reputation with regular 5-star Google reviews gained over many years.
Extremely profitable nursery business. EBITDA £213,837 (12 months Feb 23 – Jan 24).
Business: £534,592 (c. 2.5x EBITDA); Freehold property & grounds: £743,183 (c. 3.47x EBITDA)
Retirement sale; add on nursery or first-time entrant. Viewing highly recommended
Detailed 15-page Information Memorandum (IM) available on request.