AMBERGLOBE SELL SEVENOAKS DAY NURSERY IN JUST 8 WEEKS!

Amberglobe are delighted to announce the recent sale of this recently opened day nursery in Sevenoaks, Kent. Nick Brown comments, this property was part of a wider investment freehold for the owner who after letting it out as offices, decided to convert the space into a day nursery just off the high street in Sevenoaks.

From day one this took off and 6 months into the project the now former owner was spending more time at the nursery than doing his day job of property developing! He then approached Amberglobe to try and find a buyer for this very young setting. We knew this would be a popular proposition with the only real drawback being the length of time that the setting has been open and the lack of full accounting information.

The nursery has been acquired by a new entrant into the childcare sector who is looking to build on what has already been achieved at this popular setting. The business was sold off an asking price of £150,000 on a new lease in 8 weeks from the acceptance of the offer.

CORNERSTONES DAY NURSERY IN GLOUCESTERSHIRE SOLD

Nick Brown Valuations Director at Amberglobe comments, 'The owners of this nursery had done a fantastic job in converting what was a former Pub into an ideal environment for a first class day nursery and family home above. After seeing several agents the owners decided to use Amberglobe as they felt we would be able to offer the advice and experience that they were looking for. We advised to offer the nursery on both a leasehold and freehold basis which generated a substantial amount of interest. The nursery has now been sold on a leasehold basis with the option to acquire the freehold in the future for the asking price to new entrants to the market'

Once again Amberglobe have managed to find a buyer which met the sellers expectation on price and to complete the deal we also helped finance the buyer through our broker.

AMBERGLOBE SELL MANGO TREE DAY NURSERY IN LONDON

Amberglobe are delighted to announce the recent sale of Mango Tree Day Nursery in Wembley.

 Nick Brown Valuation Director comments, ‘this nursery was very deceptive from the outside, located within a shared community premises this 34 place nursery once you got inside just kept on going! Registered for 34 children and boasting an annual fee income of £105,000 this nursery was run by the owner and had gained an excellent reputation for care’.

All of the team at Amberglobe had to work hard to complete this deal as there were numerous issues with the current lease but with all parties working together these were all resolved. This was the first time that the owners had experienced the selling process so  a steep learning curve, especially as the new owners were also first time buyers but Amberglobe we are able to advise in the process from start to finish. Accepting an offer in excess of the asking price Amberglobe were delighted to secure the best possible price for this nursery in a very buoyant market place.