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Nursery for sale in Manchester with 80 places and growth potential available

Undisclosed, Manchester, ID 169141

Nursery for sale in Manchester with 80 places and growth potential available 1
Nursery for sale in Manchester with 80 places and growth potential available 1
Asking price:
GBP£1 450 000
Turnover (per year): £910 000 gbp
Net profit (per year):£315 000 gbp
Owner
Owner's representative

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Description

Business type: children’s day nursery

Location: Manchester

Trading history: over 30 years

Operating period: 52 weeks per year

Current legal structure: sole trader

Sale basis: asset sale

Registration and Capacity

Registered capacity: 80 children

Potential additional capacity: up to 20 children within the existing holiday club area, subject to the required approvals.

A new Ofsted registration will be required following the asset sale.

Premises

  • Large purpose-built nursery building
  • Extensive outdoor play areas
  • Existing holiday club area
  • Prominent position beside a busy main road
  • Located on council-owned land

Tenure

The nursery building is owned by the vendors.

The vendors are prepared to grant the buyer a long lease alongside the existing council lease arrangements.

Development Option

The holiday club area may provide space to increase registered capacity, subject to Ofsted registration and any other required consents.

Details

Real Estate: Lease
Asking price: 1 450 000 gbp
Turnover (per year): 910 000 gbp
Net profit (per year): 315 000 gbp
Rent (per year): 34 500 gbp

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