Ref 7312 – Freehold Children's Day Nursery
Blacks Brokers are pleased to bring to the market this freehold children’s day nursery located in Brighouse, West Yorkshire.
Mill Cottage Montessori School was established by our client in this popular area of Brighouse in 2005. The business offers childcare for 113 children from birth to eleven years old and has an occupancy rate of around 53%. Pre-covid-19 this occupancy level was 100% with waiting list in place. The nursery is very well known in this area and has a strong base of customers, with much custom generated by word of mouth recommendations. Our client has ensured the business has an excellent reputation and superb reviews are noted online. Mill Cottage Montessori School has a comprehensive website in place.
Mill Cottage Montessori School occupies a main road trading position with off road parking available immediately outside the property. The area is well populated residentially and is well linked by the M62. There are also a number of primary schools nearby.
The business is ideally suited to a hands-on owner-operator but due to our client’s retirement wishes, the business is offered for sale. This presents an excellent opportunity for a new owner-operator or team to take the business to the next level.
The business operates with thirteen members of staff including two managers in employment supporting our client working on a full time basis in a managers role.
Mill Cottage Montessori School has traded solidly since opening and our client has established a strong repeat customer base. Accounts for year ending 31st January 2022 show annual turnover of £703,106, with an operating profit after rent and director's salary etc of £152,439. Full financial information is available upon request.
The business currently benefits from Small Business Rates Relief. Purchasers should enquire with relevant local authorities to confirm the rates payable.
This highly reputable and long established business occupies an enviable trading position in a much sought after area of Brighouse close to the M62. Our client has secured a strong customer base and exceptional reputation. There is some scope to develop the business further with some improvement of outdoor play areas and we are advised that business is performing really well after the closures and challenges of 2020 in general. 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. Business & Property: £1,100,000.
Please quote ref: 7312