A large purpose built nursery is located close to the Welsh border and 35 miles from Cardiff. Situated just off the A40, it has a large catchment area. Registered for 51 children, the setting has a long established team and an excellent local reputation. Currently running at approximately 48% occupancy, the nursery offers a large scope for further growth with an already excellent EBITDA of 23.49% of gross at current levels. The property is leased and currently has 8 years of a 10 year lease remaining. The landlord is happy to reissue a new 10 year lease if required. The setting has a day rate of £60.40 per day, with a predominantly fee-paying clientele equating to 69.15% of the income.
- Asking Price:
- £320,000
- Turnover:
- £380,000
- Net Profit:
- £90,000
Property Information
- Property:
-
Leasehold
