Property Title: Project Lux - Group of two children’s day nurseries in Nottinghamshire

Property Type: Day Nursery / Nursery school

For Sale / Sold: Sold

Date Posted: 23 Feb 2024

Location: East Midlands

Guide Price: Bids Invited - £6,000,000 (Leasehold)

Property Agency: Redwoods Dowling Kerr

Reference: RDK 50468

Description

Project Lux - Group of two children’s day nurseries in Nottinghamshire

Key Features of the Opportunity
Pair of impressive day nurseries
Combined capacity for 201 children
Two freehold properties and one leasehold
The two freehold settings can be offered on leasehold basis also
The setting that has been inspected has a Good Ofsted rating
Settings presented to a high standard
Fantastic reputation in local area
High occupancy levels
Experienced management team at both settings

Financials
Forecasted Turnover(5+7) of £1.9m for year end March 2024 with an adjusted EBITDA of £671k
Turnover of £1.4m for year end March 2023 with an adjusted EBITDA of £481k

Asking Price
Bids invited on both a freehold or leasehold basis