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.
Showing posts with label Childrens day Nurseries. Show all posts
Showing posts with label Childrens day Nurseries. Show all posts
Friday, 28 March 2014
Friday, 3 August 2012
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
Monday, 16 July 2012
London Company owned Day Nursery For Sale
This will undoubtedly be a popular opportunity! We have recently been instructed to sell this established Day Nursery which has a prominent location is this affluent sought after suburb, run under management this is a company owned nursery which under the ownership of enthusiastic new owner operators will continue to see sales and profits rise further. With a growing annual fee income of £110,000 working off a term time only basis, there is plenty of scope and potential for new owners to explore. Viewing is highly recommended! http://www.amberglobe.co.uk/Leasehold-Nursery--London--ref-2566
Wednesday, 6 June 2012
Amberglobe sells Skallywags Day Nursery In Tewkesbury
Amberglobe are pleased to announce the recent completion of Skallywags Day Nursery which was an established day nursery located in Tewkesbury, Gloucestershire. This was a well balanced combination of an impressive detached property set in its own grounds which has the added bonus of a thriving business. The nursery boasted a healthy annual turnover of £143,000 and was registered for 24 children, with the current owners looking to retire this setting has been snapped up by new buyers entering the childcare sector. This was another highly confidential, speedy sale which has left all parties concerned very happy indeed. http://www.amberglobe.co.uk/basic_details.aspx?ref=2525
Thursday, 29 March 2012
Nick Brown writes for the NMT Magazine
A year to be proud of!
Nick Brown Valuations Director at Amberglobe, offers his views, thoughts and comments on the last 12 months activity in the childcare market from the perspective of sellers, buyers and as one of the most experienced and successful brokers in the childcare sector.
2011 has undoubtedly been a very interesting and testing year, it seems that everyone, in one way or another has been affected by the economic circumstances which we now find ourselves in. But once again the childcare sector has shown strong signs of resilience to factors beyond its control and activity from both buyers and sellers throughout 2011 has been very positive. In fact amberglobe has just reported that 2011 has been its best year to date in the total number of nursery transactions completed.
Why has this been a good year for completed sales of Nurseries
The answer to this lies in several contributory factors which start from the outset of selling. Correct, honest advice from day one is crucial. “We have numerous clients who have taken over a year before they feel they are ready to commit to the selling process, in this time we have helped them present their nursery in the best possible light and also have had time to prepare them for the oncoming process”.
Managing expectations is very important, often i speak with owners who have been advised values for their businesses which seem extremely high! this is not a new scenario but owners ‘beware’ it’s very easy to for agents and advisors to over promise and under deliver. Our view at amberglobe is simple when we advise we use methods similar to those of which will be used by anyone looking for funding.
As we all have come to realise the numbers of out and out cash buyers who require no funding or valuation have more or less become extinct. This is why we work closely with all the major valuation companies so we can provide evidence of transactions on a regular basis, this in the short and long term sets the bar for how they view values in different areas of the country.
My advice to owners would be, be very wary of anyone who seems to pluck a figure or value out of the air! Be sure to look and ask for comparable evidence, trends and even speak with former owners who have sold or used the services of that particular agent. At amberglobe we often tell sellers to see other agents as we are confident that after doing this and taking several opinions they will come back to the agent that has given the most sound, honest advice.
Who is actually buying?
The answer to this question varies to which part of the market your nursery positions itself. The demand for smaller leasehold and freehold nurseries is exceptionally strong, we believe this has been and is still being driven by first time buyers entering the market via redundancy from previous jobs etc or families looking to invest into their children, setting them up their first business in an industry which continues to do well.
Existing operators seem to be consolidating their current operations by acquiring competitors which add location and operational sense to nurseries which they already successfully run. Having an additional setting can help in the sharing of staff, cutting costs and give monopoly of sought after areas, which is crucial when trying to maximise the profitability of your current business. In addition to these buyers we are dealing with straight out investors who are looking for somewhere to put their money! Well run managed nurseries are a perfect solution. An example of this was earlier in the year we were approached by an investor returning to the country from sometime abroad, unsure where to put his money for the best return we helped he take his first steps into the childcare sector where he acquired a small group of 4 day nurseries and has subsequently gone on to add 2 more. So the good news is that there has been and still is, plenty of active purchasers looking at both small and large leasehold and freehold settings.
Fighting your corner!
It’s imperative that as a seller you look to get advice from a respected broker, you need to be confident that they will see your sale through, it could be said that getting an instruction to sell a nursery is the easy bit! Marketing in a highly confidential manner, liaising with bank valuers, finding finance for buyers and recommending good solicitors is all part of the package that any good broker should be looking to offer. http://www.amberglobe.co.uk/press.aspx
Nick Brown Valuations Director at Amberglobe, offers his views, thoughts and comments on the last 12 months activity in the childcare market from the perspective of sellers, buyers and as one of the most experienced and successful brokers in the childcare sector.
2011 has undoubtedly been a very interesting and testing year, it seems that everyone, in one way or another has been affected by the economic circumstances which we now find ourselves in. But once again the childcare sector has shown strong signs of resilience to factors beyond its control and activity from both buyers and sellers throughout 2011 has been very positive. In fact amberglobe has just reported that 2011 has been its best year to date in the total number of nursery transactions completed.
Why has this been a good year for completed sales of Nurseries
The answer to this lies in several contributory factors which start from the outset of selling. Correct, honest advice from day one is crucial. “We have numerous clients who have taken over a year before they feel they are ready to commit to the selling process, in this time we have helped them present their nursery in the best possible light and also have had time to prepare them for the oncoming process”.
Managing expectations is very important, often i speak with owners who have been advised values for their businesses which seem extremely high! this is not a new scenario but owners ‘beware’ it’s very easy to for agents and advisors to over promise and under deliver. Our view at amberglobe is simple when we advise we use methods similar to those of which will be used by anyone looking for funding.
As we all have come to realise the numbers of out and out cash buyers who require no funding or valuation have more or less become extinct. This is why we work closely with all the major valuation companies so we can provide evidence of transactions on a regular basis, this in the short and long term sets the bar for how they view values in different areas of the country.
My advice to owners would be, be very wary of anyone who seems to pluck a figure or value out of the air! Be sure to look and ask for comparable evidence, trends and even speak with former owners who have sold or used the services of that particular agent. At amberglobe we often tell sellers to see other agents as we are confident that after doing this and taking several opinions they will come back to the agent that has given the most sound, honest advice.
Who is actually buying?
The answer to this question varies to which part of the market your nursery positions itself. The demand for smaller leasehold and freehold nurseries is exceptionally strong, we believe this has been and is still being driven by first time buyers entering the market via redundancy from previous jobs etc or families looking to invest into their children, setting them up their first business in an industry which continues to do well.
Existing operators seem to be consolidating their current operations by acquiring competitors which add location and operational sense to nurseries which they already successfully run. Having an additional setting can help in the sharing of staff, cutting costs and give monopoly of sought after areas, which is crucial when trying to maximise the profitability of your current business. In addition to these buyers we are dealing with straight out investors who are looking for somewhere to put their money! Well run managed nurseries are a perfect solution. An example of this was earlier in the year we were approached by an investor returning to the country from sometime abroad, unsure where to put his money for the best return we helped he take his first steps into the childcare sector where he acquired a small group of 4 day nurseries and has subsequently gone on to add 2 more. So the good news is that there has been and still is, plenty of active purchasers looking at both small and large leasehold and freehold settings.
Fighting your corner!
It’s imperative that as a seller you look to get advice from a respected broker, you need to be confident that they will see your sale through, it could be said that getting an instruction to sell a nursery is the easy bit! Marketing in a highly confidential manner, liaising with bank valuers, finding finance for buyers and recommending good solicitors is all part of the package that any good broker should be looking to offer. http://www.amberglobe.co.uk/press.aspx
Amberglobe sells Petit Enfant Group of Day Nurseries in Oxfordshire
Amberglobe are pleased to announce that they have recently completed on the sale of the Petit Enfants Group of Day Nurseries which were based in Oxfordshire, Northamptonshire and Gloucestershire.
The group had a combined growing annual fee income of £1.9m and offered in total 387 registered places. This sale forms part of an initial relationship with both owners of the business, where several years ago we were able to introduce an investor into the business who then helped fund the acquisition of further day nurseries which has then culminated in this recent sale to the COOP childcare division.
The sale of the group had an asking price of £1.25m on a leasehold basis for the sale of the limited company on a cash free debt free basis. http://www.amberglobe.co.uk/basic_details.aspx?ref=2499
The group had a combined growing annual fee income of £1.9m and offered in total 387 registered places. This sale forms part of an initial relationship with both owners of the business, where several years ago we were able to introduce an investor into the business who then helped fund the acquisition of further day nurseries which has then culminated in this recent sale to the COOP childcare division.
The sale of the group had an asking price of £1.25m on a leasehold basis for the sale of the limited company on a cash free debt free basis. http://www.amberglobe.co.uk/basic_details.aspx?ref=2499
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