Property Title: West Midlands Day Nursery For Sale

Property Type: Day Nursery / Nursery school

For Sale / Sold: For Sale

Date Posted: 27 Nov 2024

Location: West Midlands

Guide Price: £250,000 (Leasehold)

Property Agency: Owen Froebel Ltd

Reference: 1691

Description

We are happy to offer this leasehold setting to market. Established in 1996, the setting was purchased by the current owners in 2003. Run on a manager-led basis the business is now on the market as part of a retirement plan. The Owners have no role in the day-to-day running of the nursery. The setting is registered for 86 places and has a Good Ofsted rating operating all year round. Situated in a converted pub with a large garden and car park, the property is owned by the seller who is happy to supply a long lease to the incoming buyer. The income split is approximately 59% Local Authority and 41% Private Fee Income. The setting undertakes no marketing, relying on word-of-mouth referrals. The business is run as a limited company and is being sold as a share sale.
Ref: 1691