East Sussex Pre-School for Sale

We are delighted to be marketing this highly profitable, Ofsted Outstanding Term Time Pre-School based in an affluent area with an excellent local reputation. Established in 1960, the setting is returning a massive 48.27% EBITDA on a Manager Led basis and offers the potential to double square footage and extend opening hours to increase profitability further. Ofsted registration shows as 30 places, although current space allows for 34. Currently run at 30 places, the setting has an average occupancy of 76.85% with a 50/50 funding and private fees split. The leasehold property has had significant improvement works since 2017. The buyer is expected to be able to secure a new 10 year lease from the council as part of the transaction with the option to move to a year round lease if required. The property has a car park and adjoins maintained playing fields which are utilised by the setting along with the large secure south facing garden included with the lease. The business is run as a sole trader and would be sold via an asset sale. Ref: 2915