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Commercial Property for sale

Coleford, Gloucestershire

£197,000

Property Description

Key features

  • Established Nursery in Sought After Location
  • Registered for 34 Children
  • Fee income Approx. 162,000
  • Dedicated Baby Unit Recently Added
  • Leasehold Option Available for 90,000 - Rent Open to Negotiation

Full description

CHILDRENS DAY NURSERY IS A THRIVING PROFITABLE BUSINESS which has been ESTABLISHED FOR 15 YEARS and is currently REGISTERED FOR 34 CHILDREN.

The nursery is situated in the charming market town of Coleford in the beautiful Forest of Dean. The business benefits from the enviable location right in the centre of town, near the bustling Market and High Street. The current owner has created a successful business with a first class reputation.

The nursery has been established for 15 years and is currently registered for 34 children. The nursery boasts high occupancy levels of 90%, with a waiting list in the summer period, and a growing fee income of £162,000. Recently, the vendor has invested £70,000 in setting up a dedicated baby unit.

All in all, an internal viewing is highly recommended by the selling agents to appreciate what is on offer, the accommodation comprises as follows:

Childrens Areas -

MAIN NURSERY

Tastefully converted to provide an ideal environment for the children. Located over two floors, are numerous well presented spacious children's play rooms. All the rooms are well equipped for all different age groups that attend the nursery. There is also an office, children's and staff toilets. Externally, there is an extensive well equipped outdoor play area.

BABY UNIT

The bespoke baby unit, caters for children from 3 months to 2 years and is located in a new build extension to the main nursery. The baby unit has a large children's room, kitchenette area, baby change and a separate outdoor play area.



Registered Numbers - Registered for 34 children up to the age of 8
Split 6/7 x 0-2 years
28/27 2-8 years

Staff - Operated under management with full/part time staff.

Residential Accommodation - There is no-residential accommodation for owners/management available.

Fees - Under 2 years £4.50 per hour
Over 2 years £4.20 per hour





Fee Income - Current records and accounts can be inspected after viewing.

Available accounts are to year end 2014, and are summarised below:

2014 - Fees £161,749
2013 - Fees £137,946
2014 - Net Profit £32,522
2013 - Net Profit £18,886
2014 - Adjusted Net profit £39,868
2013 - Adjusted Net Profit £23,608

Please note, fees lower in 2013 due to building work on site for the baby unit.

Tenure - We are advised that the property is freehold but we would advise prospective purchasers to consult their own solicitor for verification.

Summary - Superb combination of a thriving profitable business and a valuable extensive property in a sought after location.

Services - Mains water, electricity, gas and drainage.

Water Rates - To be advised.

Local Authority - Forest of Dean District Council, Council Offices, High Street, Coleford, Glos. GL16 8HG.



Vat - May be levied on the sale price and we recommend any interested purchaser establish the VAT implications before entering into any agreement.

Viewings - Viewings are strictly through the Owners Selling Agent, Steve Gooch, who will be delighted to escort interested applicants to view if required. Office Opening Hours 9.00am - 7.00pm Monday to Friday, 9.00am - 5.30pm Saturday.

Directions - The Rose Day Nursery is located in the centre of Coleford behind James Warry Solicitors.

Property Surveys - Qualified Chartered Surveyors (with over 20 years experience) available to undertake surveys (to include Mortgage Surveys/RICS Housebuyers Reports/Full Structural Surveys).

Misrepresentation Disclaimer - All reasonable steps have been taken with the preparation of these particulars but complete accuracy cannot be guaranteed. If there is any point which is of particular importance to you, please obtain professional confirmation. Alternatively, where possible we will be pleased to check the information for you. These particulars do not constitute a contract or part of a contract. All measurements quoted are approximate. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. Any drawings, sketches or plans are provided for illustrative purposes only and are not to scale. All photographs are reproduced for general information and it cannot be inferred that any items shown are included in the sale.

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