AMBERGLOBE SELL PUDDLEDUCKS DAY NURSERY IN SOUTH WALES

Amberglobe are pleased to announce the recent sale of Puddleducks Day Nursery. This setting was run by a mother and daughter team and traded from a light industrial estate in this bustling location. With an annual fee income in the region of £170,000 this nursery sold off an asking price of £90,000 to an existing operator.

AMBERGLOBE SELL GROUP OF 2 NURSERIES IN NEWCASTLE

Amberglobe have recently completed on the sale of Choice Childcare Ltd which was the combination of 2 high profile childcare settings. With a combined annual fee income in excess of £1,000,000 these setting were run with a strong management team in place. Both of the settings were leasehold and were sold off an asking price of £600,000 to a new entrant to the market place.

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.

SOLD POPULAR CHILDREN'S DAY NURSERY IN ROYSTON HERTFORDSHIRE

Amberglobe we delighted to be instructed to sell this established profitable day nursery which located on a light industrial estate on the edge of Royston. We were approached by the owner who lived in London and it was other members of his family who running the nursery on a day to day basis, due to impending retirement of one of the family members the nursery needed to be sold. With a realistic asking price and a targeted marketing campaign, amberglobe were able to find an existing operator who was keen to acquire this setting in a short space of time. The nursery was sold for the full asking price of £65,000.

AMBERGLOBE SELL LD CARE HOME IN HUDDERSFIELD

Amberglobe have recently completed the sale of an established learning difficulties care facility which was located in Huddersfield. With an impressive annual turnover of £400,000+ this opportunity was owned and managed by the sellers. This proposition was initially being offered for sale by another agent on a freehold basis with no success. After discussing the best route forward Amberglobe advised on a leasehold sale where the owners were able to retain the extensive freehold property and as well as receiving a lump sum for the goodwill fixtures and fittings they also have agreed a long term lease with an annual rent of £70,000. Which is an ideal way to achieve an impressive income but retain the interest in the freehold property.

AMBERGLOBE SELL WILLOW COTTAGE CARE HOME IN BRISTOL ASKING PRICE 1.6M

Amberglobe have recently agreed the sale of this this impressive, thriving combination of Nursing and Residential care. Currently registered for 34 beds with an annual fee income in the region of £950,000 this management run home also had the potential for expansion. This home received an exceptable offer just weeks after coming to the open market. This was a highly confidential sale due to the fact that the sellers also have other homes. This home was sold off an asking price of 1.6m.

AMBERGLOBE SELL HIGH PROFILE NURSERY IN NEWCASTLE

Amberglobe are delighted to announce the recent sale of this fantastic high profile Children's Day Nursery which has an ideal trading position, a healthy fee income of £387,000+ a strong management team in place and an excellent reputation for care. Part of a small group and equipped to the highest standard, new owners needed to not spend a penny!. Amberglobe advised the owners to offer this setting on a new lease for an asking price of £89,000 after 5 immediate viewings a deal was agreed. After being on the market for almost a year via another broker this speedy sale was greatly appreciated by the now former owner.

Looking forward to 2014

2013 has been a  very interesting time for the business sales sector for lots of reasons. Whilst we were still in thick of a tough period for funding and sales, in general the market has continued to hold up well and sales have continued to happen especially in the Care Sector.

The main difference in the market from previous years is that all sales need more attention and TLC from start to finish. This may seem obvious as deals can always fall over but in the past it would have needed to be something quite drastic for this to happen whereas in the current climate some of the smallest issues that have arisen in the sales process have seen deals potentially fail.

This is where Amberglobe has gone that extra mile for its customers buyers and sellers: when we secure an acceptable offer we then introduce an experienced finance broker to the buyer who if required is able to access some of the most competitive deals in the finance market. As we all know dealing with the banks and funders direct is almost impossible so this help is crucial.

With funding agreed the next hurdle to get over is instructing the right solicitor to complete the transaction. Time and time again we see buyers fall into the trap of using solicitors that may be keen for the business but are just not used to dealing with business and company sales. We have drawn together a group of solicitors across the country who are able to offer both buyers and sellers a professional and competitive service backed up by years of experience  in business sales. Time and time again the feedback we get from clients is glowing.

As we progress into 2014 there is little doubt that buyers’ appetite for quality business opportunities is continuing to grow and we anticipate that the trend for multiple offers on high quality businesses will also continue. However this must also be balanced with the fact that the majority of sales need to be ratified by a buyer’s lender and they do still have strict lending criteria where valuations need to stack up on comparable evidence of similar sales.

The market remains pretty much the same as it has done for the last six months and probably will do for the next two years:.....a steady stream of buyers, and a solid level of sales provided that asking prices and vendor expectations are sensible.

The Leisure and Retail sectors remain extremely challenging and with the seismic shifts happening in those sectors I doubt that things will ever be the same.

As for Day Nursery sector there was an alarming suggestion in the papers recently by OFSTED that the free childcare subsidy should become means-tested. I think that such an idea would be hugely damaging to the childcare industry and should be resisted at all costs. These people in the civil service seem to exist in a parallel universe and simply don’t seem to understand the financial constraints under which the vast majority of parents are already labouring when it comes to paying for their childcare!

On the good news front we are seeing increasing levels of borrowing as the major banks slowly emerge from rebuilding their balance sheets and some but not all, are starting to lend more freely. We are also much busier with viewings and offers at this traditionally quiet time of year than in previous years which hopefully bodes well for the new year.

Deals however remain tough to do and are often taking many weeks to complete. You as vendors and we as agents have to have the patience of a saint to put up with the seemingly endless and annoying demands of purchasers and their lenders!

I read with interest Vince Cable's suggestion last week that the government should establish a "People's Bank" to fund business and kick start the economy. Hang on Vince I thought we already owned two banks with well-known brands, large capital asset bases, hundreds of branches and thousands of employees - they're called RBS and Lloyds. Rather than being in thrall to bankers, perhaps the government should instead start exercising its powers as a shareholder and get those two banks to start lending more to business!

I would expect the market to pick up noticeably now the Paralympics has finished. We are now seeing the government enter the second half of their term in office and consequently I am sure that they will be doing everything they can to stimulate the economy to ensure that by election time, things will be bubbling along. However I believe that the fundamental issue is that unless consumer confidence returns in force, no matter how much money the government puts into the economy, things will remain muted. This is something of a paradox in that on the one hand the banks and the government are telling us that debt is bad and we all need to pull in our belts and yet if the consumer doesn’t start spending again the economy will remain flat. For me, this paradox therefore points to a fundamental rebalancing of the economy where we will see lower levels of spending as a long term trend and I guess we all need to get used to that. Property prices outside London will also therefore remain flat or possibly negative for a number of years until the average house price equals roughly 4 times the average income.
There will also be another significant shift in the coming years as more baby boomers retire and either sell their businesses (if they own one) or buy a business to support their pensions. One trend that is already happening in Australasia is groups of retirees clubbing together to buy a business and to bring in a younger working partner who owns a share of the business and actually runs the business on a day to day basis, while using the knowledge and experience and cash of the retirees as and when required. TI believe that this is a very interesting development in business sales and given the poor returns from traditional pension investments, I suspect that these sorts of buying groups could be making an appearance in the UK in the near future.

Sold! Marlborough Day Nursery in Coalville

Amberglobe are delighted to announce the recent sale of Marlborough Day Nursery located in Coalville, Leicestershire. This was a rare thriving management run high profile Children's Day Nursery which boasted an 'Outstanding' Ofsted rating and an annual fee income in the region of £575,000 with healthy profits to match. Included within the sale were several valuable freehold properties. The now former owners Gail and Peter Hodgson comment:   "From the moment we met with you Nick, we knew you and your company were the right people to use to sell our day nursery.  Your enthusiasm and experienced guidance helped the transaction process run very smoothly.  We would be more than happy to recommend you to anyone thinking of selling a day nursery. Thanks again for your help" http://www.amberglobe.co.uk/UK-Business-Sold-by-Amberglobe-High-Profile-Thriving-D-Nursery-ref-2539

Wedding/Events Florists in Oxford sells

Amberglobe are pleased to announce the sale of this established thriving Event/Wedding Florists which specialises in providing an extensive range of floral designs for weddings, large corporate events, fashion shows through to individual parties and for numerous local businesses and hotels etc. With an impressive annual turnover of £223,000 and low overheads, this is an ideal venture for an enthusiastic new owner operatorhttp://www.amberglobe.co.uk/UK-Business-Sold-by-Amberglobe-Wedding-Event-Florists-ref-2478. The business has been acquired by a first time buyer looking to expand into this industry.

Amberglobe instructed to sell Supermarket in Spain

Amberglobe have recently been instructed to sell this established high turnover supermarket which is located close to Malaga in Spain. The business has been built up over the years and is now a thriving Supermarket which boasts annual sales of 570,000 euros. With a realistic annual rent and the scope and potential for enthusiastic new owners to continue to grow the business this could be the perfect opportunity to live the dream! http://www.amberglobe.co.uk/High-Turnover-C-Store-in-Spain-ref-2579

With Team GB riding high and the Olympics following closely on the heels of the Queen's Jubilee celebrations, the market has been quieter for longer than normal during the traditional summer holiday season. I do not expect things to change during August although barring any serious damage in the Eurozone I believe that things will improve considerably in September. Assuming that GB continues its winning ways in the Olympics I expect the country to be riding on a massive high once the holidays are over.
However August will be a testing month for the Eurozone and the financial markets have lost patience with the way the crisis has been handled to date. My personal view is that Greece will be left to fend for itself and will declare bankruptcy but without leaving the Euro. Germany will continue to refuse to pick up the tab for Spain and Italy and the crisis will only go away once the European Central Bank is authorised to undertake quantitative easing and start buying back the debts of Spain & Italy, as has happened in the UK and America.
On the local financial scene I was talking with our finance broker the other day and asking him whether commercial debt was difficult to obtain. His response was that purchasers can always get the finance for a business purchase provided that (a) they are not over-geared and (b) they ask the right person. If a purchaser tries to get finance from their local bank manager then the chances of success are very low as those guys are programmed to take no risk and protect their own jobs and pensions! Please rest assured we spend a lot of time trying to persuade our purchasers to talk with our finance broker because the money is out there you just need the right person on your team to find it.

Little Angels Day Nursery in Huddersfield Sells Via Amberglobe

Amberglobe have recently sold Little Angels Day Nursery which is located in Huddersfield West Yorkshire. This is one of Yorkshire's largest independently owned Children's Day Nurseries and was registered for 130 children and boasted a most impressive annual fee income in excess of £550,000+. The nursery was run under management and was located within an attractive converted valuable period property. The asking price for the nursery was £799,995. Sold on a confidential basis, this nursery generated a high level of interest from numerous well financed parties which resulted in several offers being submitted. The new owner is an existing operator looking to add to their growing group of nurseries. http://www.amberglobe.co.uk/UK-Business-Sold-by-Amberglobe-Exceptional-Freehold-Day-Nursery-ref-2537

Domiciliary Care Agency For Sale

This is an ideal opportunity to be able to acquire an established, profitable domiciliary care agency which is based in South Wales. With an annual fee income of approximately £100,000 this business has plenty of scope and potential for new owners to explore. The business currently has 16 clients and operates with a 15 mile radius of its current base. This could be a perfect chance to take your first steps into the care sector or alternatively this business could also be an ideal add on to your current care agency. With a realistic asking price viewing is highly recommended. http://www.amberglobe.co.uk/Domiciliary-Care-Business-ref-2570

Day Spa in London for sale

This is a rare opportunity to acquire an established Day Spa which boasts a sought after high street location in this exclusive London suburb. Fully equipped with an impressive client base this is an exciting opportunity for new owners to be able to build on what has already been achieved at this first class establishment. With a turnover of approximatley £95,000 this business has huge scope and potential for new owners to explore. http://www.amberglobe.co.uk/High-Class-Day-Spa--London-ref-2567