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Sun, May 31 2020 06:26:11 PM  |  /

Montessori Nursery School

Business Id:000391     |    Reference: CE231
Leasehold Price:
£1,300,000.00
Business Description

Montessori Nursery School

Leasehold

Established and highly subscribed with exceptional demand

Children aged 6 months to 5 years

100 place capacity

Ref. CE231

Location : Greater London (North)

Asking Price : £1,300,000 plus net assets

The company has been in business since 2005 and is an established nursery school for children between the ages of 6 months to 5 years and is managed stringently within the Montessori framework for early year’s education. The business has a well established reputation and demand is growing month by month – the vendor has created a highly stimulating, enjoyable and rewarding environment for the children who attend and this is very much reflected in the high praise that it attracts.

“Staff effectively implement the requirements of the Early Years Foundation Stage, as well as using the Montessori philosophy, which they deliver to an exceptional standard. The quality of teaching is of an extremely high standard, which is reflected in the children s free play as they actively put into practice the skills they are learning." OFSTED

The business is well structured with an excellent trading history and repeat customer base showing continuous profit.

The owner has previously owned and managed a successful nursery school in Leicestershire and upon relocating to North London, chose to establish a nursery school on the Montessori methodology and since its foundation in 2005 has gone from strength to strength.

Health issues have now caused the owner to consider her personal situation and she believes that the best interests of the school and the children would be best served by passing the business to a new owner with the energy and drive to take advantage of this growing business and it’s potential.

The business is profitable with no bad debts and offers a highly competitive service.

All necessary equipment is in place that is required to run a successful operation and a full inventory of the equipment is available to all genuinely interested parties.

The company is experiencing a constant demand from parents.

 
Business Information
Turnover:£697,000.00 Annually
Profit:£340,000.00 Annually
Property Status:   Leasehold
Is this business relocatable: No
Business Sector: Garden Centres/Nurseries, Schools, Training & Education Providers
Statistic Information
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Business Profile
Equipment:
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Key Opportunities:
Financial performance: The business is being offered for sale on a going concern basis, all financial discussions will take place directly between the vendor and all interested parties under the auspices of Turner Butler. The business has achieved a history of excellent turnover and profits over the years. Turnover 2018 circa £697,000 p.a. Gross Profit circa £671,000 p.a. Adjusted Pre Tax Net Profit circa £340,000 p.a. Net Asset value circa £573,000 The Asking Price of £1,300,000 plus net assets is for 100% of the issued capital of the company, assuming Net Assets of circa £573,000 on completion (calculated on a zero cash-zero debt basis). The final selling price will have a £1 for £1 adjustment for any rise or fall in this benchmark Net Asset figure of £573,000 at completion. A complete asset list is available.
Asking Price:
Advertising and Marketing: The business does not carry out formal advertising or marketing activities and has profited from strong word of mouth referrals and recommendations among prior parents and local schools.
Growth and Expansion: The business is easy to run as the owner has built up an infrastructure to ensure a smooth operation. Sound foundations have been laid to accommodate future growth that could be achieved with a new owner more inclined to accept the increased work demand that growth requires. Possible areas for growth include: Exploit capacity and take on more children Extend weeks of operation Longer hours 7-7 Increase in fees.
Premises:
Business Hours: Monday - Friday: 08:00-18:00
Employees: The vendor is supported by 16x full time staff members, 15x of whom are fully qualified
Support and Training: The vendor is happy to stay on at the business for an agreed period to ensure a smooth handover for a fee to be negotiated.

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