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Stunning Childrens Day Nursery In Plymouth, Devon

Plymouth, Devon
Freehold Price:
£475,000
Find more details, or book a viewing:
Status
FOR SALE
Advert ID
235737
Reference
6630 / Rightbiz

Details

    Exceptional Residential Trading Location

    Accounts 31st March 2018

    Annual Turnover £197,861

    Gross Profit £182,492

    Adjusted Net Profit £73,310

    Accounts Available Upon Viewing

    Registered For 48

    Operated With Deputy Management

    Fantastic Team Of Staff In Place

    Enviable Reputation

    Beautifully Presented

    Well Equipped With Scope To Expand

    EPC - C

Description:
REF 6630 – Freehold Children’s Day Nursery
Abacus are pleased to bring to the market this freehold children’s day nursery located in a densely populated area of Hooe, Plymouth.

INTRODUCTION
All Aboard Pre-School has been trading from Hooe Road since 2013. Our client established the business to capitalise on the perfect trading position within the school grounds. In 2014 due to magnificent growth, a second building was put on site to cater for the huge demand. The nursery is well known in this area and offers superb childcare in a convenient position. The nursery is registered for 48 children and has a food hygiene rating of five. At present, the nursery opens between 07:30 and 18:00 Monday to Friday. The nursery has historically been operating with occupancy levels at 100% due to the sought after location, though this has temporarily dipped slightly due to birth rates. The primary school in whose grounds the nursery is located is very sought after, and the nursery has lots of children attending the nursery due to wanting to attend this primary school upon graduation.

LOCATION
All Aboard Pre-School is positioned within the grounds of Hooe Primary School in Plymouth. This is a well populated residential area which is well linked by the A38. Public transport links are excellent and free parking is available close by. This area of Plymouth has a high percentage of armed forces families and the nursery offers service discount. The beach is within five minutes of the nursery along with a nature reserve and Hooe Lake. There are over 30,000 houses currently being built within a 5 minute drive of the nursery, which will increase intake for the nursery once completed.

REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but sadly due our client’s ill health, 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.

STAFF
The business is currently operating with eight members of staff in employment supporting our client working on a full time basis in a management role. All staff are level three qualified or working towards level three.

FINANCIAL DETAILS
All Aboard Pre-School has traded solidly since opening and flourished since opening the second building to accommodate further children. The accounts for year ending 2018 show annual turnover of £197,861 with a gross profit of £182,492, and an adjusted net profit of £73,310 . Full financial details are available upon viewing.

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

SUMMARY
This freehold business is well established and has an enviable reputation in this area. There is plenty of scope to develop the business further with the application for higher registration numbers – this could be achieved with the usage of spare space currently used as a decking area. 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.

Accomodation:
All Aboard Pre-School operates from two single storey, detached properties with impressive outdoor play areas. The pre-school has a sea-side theme throughout and is most impressive. The play areas are all open plan and designed thoughtfully with age appropriate toys and décor. There are themed home corners, classroom areas, messy play zones and much more in addition to a superb outdoor play area fitted with castle climbing frame, pet area, garden space and so on. There is also a main office, staff and children’s toilets and fully equipped kitchen. All areas are finished to exacting standards and fixtures, fittings and equipment are well maintained and of excellent quality.

Fixtures & Fittings:
All Equipment
CCTV 8 Remote Access
Burglary Alarm


Opening Hours:
Mon - Fri - 7.30am - 6pmSat & Sun - Closed


Seller Details
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Listing Details
Freehold Price: £475,000
Tenure: Freehold
Location: Plymouth, Devon
Sector: Childrens Day Nurseries
Financials
Annual Turnover: £197,861
Annual Net Profit: £34,267
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