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 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.