The business has been owned and operated by our client for 14 years who have brought the business to market with a genuine reason for sale due to retirement. The business is registered for 23 children between the ages of 2-5 trading only during term time, with experienced staff assisting our client who works in the business 3 days per week. Good established turnover which still leaves scope to increase further as our client only accommodates 12 children in the afternoons, so utilising the full capacity would increase the turnover, with additional opportunities to increase further by introducing holiday clubs and services outside of term time. A rare opportunity to acquire a well established and profitable business with plenty of scope, so an early viewing is advised.
Location
The premises is located in a highly built up residential area of Southend-on-Sea
Premises
A link detached bungalow with parking directly in front of the property, with a walkway to the right hand side leading to a side single entrance door. Internally the premises measures approximately 1,062 sq ft and is arranged as follows:
Reception measuring approximately 10'02" x 9'11" = 102 sq ft
Room 1 measuring approximately 9'00" x 9'11" = 90 sq ft
room 2 measuring approximately 7'02" x 13'11" = 100 sq ft
kitchen measuring approximately 6'07" x 6'11" = 46 sq ft
wc measuring approximately 6'08" x 9'11" = 67 sq ft
nursery
main nursery measuring approximately 10'04" x 16'08" = 173 sq ft
nursery extension measuring approximately 20'08" x 8'07" = 179 sq ft & 9'08" x 2'06" = 25 sq ft.
French doors at the rear of the extension lead out to a large garden area with artificial turf so useable year round, also benefiting from a long lean to storage which is separated into various sections, some used as storage others as play stations.
A staircase from room 2 leads up to the first floor area measuring approximately 15'07" x 8'08" = 135 sq ft and 15'00" x 8'08" = 131 sq ft currently utilised for storage.
Trading Hours
9am - 5pm Monday to Friday in term time only. Closed Saturdays, Sundays and school holidays.
Staff
Vendor works 3 days per week with the assistance of 2 full time and 3 part time members of staff. Two of the staff are level 3 qualified with the remaining staff all level 2 qualified.
Turnover
Turnover on the most recent year end accounts confirm a turnover of £106,812. Full financial information can be disclosed to seriously interested applicants following a viewing, with clients permission.
Business Rates
The premises is subject to a rateable value of £5,700 resulting in zero business rates payable, should small business rate relief apply to a purchaser.
Legal Costs
Each party are to be responsible for their own legal costs incurred in the transaction.
