Group of Two Day nurseries registered for 47 and 76 children. Would Consider selling seperatley
Fee income 2018 £447,528 EBITDA £104,881. Outstanding & Good Ofsted.
New Lease to be assigned for 10 + Years
Established 2 site nursery in sought after town centre location. Call 01772 775780 for more details.
These highly attractive children’s day nurseries are located in the attractive Somerset town of Taunton. Taunton being, a charming and historic market town and one of the largest residential areas within Somerset. There is excellent train and road links with easy access to the M5 Motorway and sitting on the gateway to the North Somerset Moors.
The business benefits from two enviable locations right in the centre of the town near the main high street and centre. Choo Choo’s Nursery & Preschool is well positioned to attract parents from the substantial surrounding population to the North of the town, while Chuggers operates in the main shopping area adjacent to Sainsbury’s and within easy reach of the South East of Taunton.
The current owner has created an enviable business over 20 years , one of the buildings has been purpose built to provide spacious nursery accomodation and the other has been recently (2018) refurbished to a high specification to expand and accommodate the growing need within the surrounding area.
Chuggers has recently undergone a complete refurbishment. It now accomodates a maxium of 76 children and was one of six government backed projects within Somerset.
Choo Choo’s Nursery & Preschool has been established since 1999 and is currently registered for 47 and is at full occupancy. . Chuggers was established by the vendors in 2013 and is currently building numbers following the significant renovation.
Both nurseries currently bring an annual turnover of some £447,000 and growing annually. The more recent of acquisitions, Chuggers & Choo Choos has had the building fully renovated by the vendors and both properties are in excellent condition throughout.
Choo Choo’s Nursery & Pre school is purpose built, one of 2 purpose built nurseries in the area. Located over two floors that have well presented spacious children’s rooms. The rooms are well equipped for the different age groups of children that attend the nursery. There is also an office and separate children’s and staff toilets.
There is an extensive well equipped outdoor play area, along with off road drop off and collection points all being in excellent condition.
Chuggers Day Nursery & Preschool opened (2013) by the vendors and is situated within the old doctors surgery. The vendors have spared no expense in renovating this semi detached property to excellent standards and again is split over 3 floors.
We are advised that both the properties are being offered upon a leasehold basis. The vendor would consider leasing one property and splitting the settings should this be of interest to prospective purchasers.