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Densely Populated Trading Location
Projected Annual Turnover Based on 9 Months Trading £125,287
Projected Net Profit Approx £99,894
Registered For 26 Places
Potential To Extend To 36 Places
Ofsted Rating - Good
Close To Local Transport Links
Scope To Introduce Out Of School Clubs
EPC - E
REF 6602 – Leasehold Children’s Day Nursery
Blacks Brokers are pleased to bring to the market this leasehold children’s day nursery located in a densely populated area of Walworth, South East London.
Little Rainbows Daycare has been trading from Ashley Estate, Coopers Road for over twenty years. During that time, the nursery has become a highly reputable and much sought after childcare provider in this area. The nursery is registered for 26 children and has an Ofsted rating of “Good”. At present, the business offers childcare services from 07:30 to 18:00 Monday to Friday. There is scope to introduce a before and after school club.
The nursery is positioned on Ashley Estate which is a busy residential area close to the A2 and the City of London. Public transport links are excellent with Bermondsey Tube Station, Elephant & Castle Tube Station, South Bermondsey Railway Station and Elephant & Castle Railway Station within walking distance. There are also a number of bus stops close by with direct links into the city. Parking is available to the front of the nursery for customers on a permit basis and staff parking is available to the rear.
REASON FOR SALE
The business is ideally suited to a hands-on owner-operator but due to the demands of our client's other business interests being higher than anticipated the business is offered for sale and presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The building is available on a competitive rent on a Full Repair and Insure lease (FRI lease). This is the most common form of commercial property lease. The current lease is a ten year sublease and began in 2017 at a cost of £115.38.
The business is currently operating with three members of staff supporting our client working on a full time basis.
Little Rainbows Daycare has traded solidly since opening. We are advised that the business currently has a projected annual turnover of £125,287 with a net profit of £99,894 based on the first 9 months trading figures
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This leasehold business occupies a superb trading position within a densely populated residential area with excellent transport links into London. Our client has built an enviable reputation in this area and is operating at almost full capacity with twenty children attending at present. There is plenty of scope to develop the business further with the introduction of out of school clubs and Christmas holiday opening. We are also advised there is potential to extend the building and to increase the registration allowance to twenty six. This proposition would ideally suit an owner operating team who could push the business forward and build upon the solid and impressive trading foundations. Early viewings are strongly advised.
Mon - Fri - 7.30am -6pm
Sat & Sun - Closed
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