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Independent SEN School in East England, Project Tropic, Established for 30 Years, For Sale

Undisclosed

CONFIDENTIAL SALE

  • Status

    FOR SALE

  • Date Submitted:

    05/04/24

  • Advert ID

    609304

  • Reference

    50574 / Rightbiz

  • Call Agent:

    Registered members »

  • Freehold: £2,650,000
  • Turnover: £1,224,561 (£23,549 Per week)
  • Net Profit: Not Applicable

Business Details

Project Tropic Independent SEN School in East of England

Purpose-built Freehold two-storey property with on-site education facility.
Registered for six residential placements (Social Care). Registered for ten places in school (These Include the social care placements). Capacity overall for 10 school students
Established for over 30 years
Turnover of £1.2m for year end March 2023 with an adjusted EBITDA of £567k
Purpose-built two-storey property with on-site education facility. Registered for six residential placements (Social Care). Registered for ten places in school (These Include the social care placements). Capacity overall for 10 school students. This gives the potential purchaser the choice of removing the social care aspect and just having the premises as a day school. The school could then increase capacity of students. Established for over 30 years. Close to town centre with easy reach to commuter routes and public transport. Easily accessible with large catchment area. Turnover of £1.2m for year end March 2023 with an adjusted EBITDA of £567k. Turnover of £865k for year end March 2022 with an adjusted EBITDA of £342k. Ref 50574
Ref: 50574
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Do not pay any deposit to private sellers upfront. If you are looking to purchase a business, we advise that any deposits or transactions made are through a solicitor to prevent fraudulent activities from occuring.

Stay Safe

Don't share confidential information with any private sellers, including your home address, account passwords, bank accounts and credit card information.

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The vast majority of these scams involve the transfer of substantial sums of money. We advise all transactions made are through a solicitor to prevent fraudulent activities from occuring.

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Send a test amount before you consider handing over a large number of funds. Maybe even try transferring £1, and then speaking to your solicitor to confirm receipt.

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Do not disclose proof of funds directly to the sellers. If the sellers request you to show proof of funds, we advise that it is done through a solicitor to prevent fraudulent activities from occuring.

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Buying a business is not covered by consumer rights legislation. It is your responsibility to acquire a business that holds up in quality and agreement.

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Fraudsters will typically use false news in an attempt to get you to act quickly. For example, 'Your account has been disabled. Reset your password now.'.

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Review the performance of a business to make appropriate financial projections. Some businesses are dormant or not trading, so it is essential to check their short and long-term potential.

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Legitimate emails from Rightbiz will be with the domain @rightbiz.co.uk. However, emails from [email protected], [email protected] or [email protected] are not affiliated with Rightbiz.

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