South Wales Day Nursery for Sale

A large purpose built nursery located close to the Welsh border and 35 miles from Cardiff. Situated just off the A40 with a large catchment area. Registered for 51 children the setting has a long established team and excellent local reputation. Currently running at approximately 48% occupancy the nursery offers a large scope for further growth with an already excellent EBITDA of 23.49% of gross at current levels. The property is leased and currently has 8 years of a 10 year lease remaining. The landlord is happy to reissue a new 10 year lease if required. The setting has a day rate of £60.40 per day with a predominantly fee-paying clientele equating to 69.15% of the income. Ref: 3689