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Trading 39 Weeks A Year
Potential To Increase Opening Hours
YE 31st Dec 2017 accounts available following viewing
Annual Turnover £141,041
Adj NP £47,580
Busy Residential Area
Close To Many Local Schools
Large outdoor play area
Operated With Management In Place
Scope To Introduce Before & After School Club
Registered For 40 Children
EPC - G
6499 Term Time Children’s Day Nursery
Blacks Brokers are pleased to bring to the market this term time children’s day nursery in the much sought after area of Birmingham, West Midlands.
Little Leaders Nursery has been trading on Cotterills Lane since 2014 and has built up a solid reputation and repeat client base. The nursery is currently open during term time only which means it is trading for only 39 weeks of the year. The opening hours at present are from 08:00 until 15:30 Monday to Friday. The nursery is registered for 80 children in total, this is split between two sessions of 40 children per day.
Little Leaders Nursery Ltd is positioned within the Ward End area of Birmingham. This area is well linked by the M6 with excellent public transport links. Parking is available immediately outside. Ward End is a densely populated residential area with many local primary schools and a busy doctors surgery.
REASON FOR SALE
This business is available due to our clients other business interests.
The building is available on a Full Repair & Insure (FRI) lease. This is the most common form of commercial lease. The current lease is ten years and began in 2014 with rent reviews every three years. This runs at a cost of £300 per week.
BUILDING LAYOUT AND DESIGN
Little Leaders Nursery Ltd operates from a spacious, mid terraced property within a parade of shops, houses and other businesses. It is well branded with large signage displayed above a matching, fully glazed frontage. There is a large forecourt area to the front for customer parking. Inside, the nursery is separated into several play areas within an open plan space. Once through reception there is the 'Brave Boys Area' which leads through into the 'Fine Motor Area' and the 'Imagination Area'. Towards the back of the business is the 'Creative Area' and the 'Social Space/ Library Area'. These areas have been individually designed with the children’s imagination and safety in mind and provide a creative space for play and education. There are toilets and a nappy change facility along with a staff room and kitchen and there is also a private office space for management use. To the rear is the large, outdoor play area which is well equipped and finished to a high standard. A floor plan is available upon request.
The business is operated with a full time manager and deputy manager working alongside five full time members of staff. Our client is not currently involved in the day to day management of this business.
We are advised the business achieved an annual turnover of £141,041 with a GP of £130,081 for the year ending 31st December 2017. The adjusted net profit comes to £47,580. It is to be noted that the business is currently operating at a pace to suit our busy client, there is scope for an extension of opening hours and weeks. Full financial information is available after an initial viewing of the business.
The business currently benefits from small business rates relief. Purchases should contact relevant local authorities to confirm rates payable.
This leasehold business could easily be developed with an increase in opening hours and trading during out of term times. The business would also benefit from the introduction of a before and after school club which would increase the turnover greatly along with a strong marketing drive in the local area and a website to generate further interest. This business would make a superb bolt on to an existing nursery looking for expansion into this area of Birmingham. Viewings by appointment only.
Mon - Fri - 8.30am - 3.30pm
Term Time Only - 39 Weeks A Year
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