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5 Nurseries Within 5 Miles In Northampton For Sale

Northampton, Northamptonshire, UK
Asking Price:
£1M - £5M Furniture / Fixtures included
Turnover:
£1M - £5M
Net Profit:
£100K - £250K

Projected sales of 5.5M with 80% occupancy

The Nannery Ltd have just come to market for the first time. The vendor (single owner) is accepting sealed bids for an immediate sale.

Despite COVID 19, government funded children should remain consistent and with the potential for school leavers staying in the nurseries and not moving to the schools a stable income is secure.

The sales figures are robust historically and up to the COVID 19 outbreak. The company is being sold without debts.

Four of the nurseries have been open and the total turnover from these four is 1.24 million, year ending April 2020. 4/5 are leasehold with 10 years, full repairing leases commencing in September 2020. The remaining nursery – two buildings, unopened – has a 5-year lease with an opt-out clause in August 2021.

The sites are on conservation areas and main roads in high growth, residential, and near commercial areas. The sites and buildings are stunning, well maintained and all have growth potential (16% growth from 18-19 to 19-20). The properties have up to date health and safety requirements.

The company will require sealed bids by 15/7/20.

If interested, please contact us by filling the form given below.

Property Information

Property:

Leasehold

Lease Terms:

Various

Leasehold Rent:

Various per annum

Location:

The sites are on conservation areas and main roads in high growth, residential, and near commercial areas.

Premises Details:

Various, several location and building.

Size in square feet:
Several Nurseries
Planning Consent:

D1

Business Operation

Expansion Potential:

Currently £1,244,000. On target earnings at 80% capacity is £5,500,000.

Competition / Market:

Various.

Reasons for selling:

Health of Director

Trading hours:

7:30-18:00 Monday-Friday

Employees:
22
Years established:
15

Other Information

Support & training:

As required.

Furniture / Fixtures value:
£350,000 - included in the asking price
Website:
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Related Documents:

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