Merrill Hays broker the sale of Little House Montessori Nursery to first time buyer
Situated in Forest Row, close to East Grinstead the nursery has gained a solid reputation for providing high quality personalised care and education for pre-school children. Set in a picturesque location on the edge of Ashdown Forest, the nursery is operated from an attractive detached property set within a small rural business park, and benefits from a lovely enclosed rear garden which provides the opportunity for outdoor play and development. The vendor Lisa Watkins, decided to place the nursery on the market due to her wish to concentrate on her other business interests within the sector and approached Merrill Hays to advise and handle the sale.
Commenting on the sale Lisa Watkins said: "I chose Merrill Hays based on recommendation from other nursery owners and I have been thoroughly impressed with their approach, commitment and experience right the way through the process. From preparing the business for market through to introduction of buyers and deal negotiation their service has been exemplary. David Howell who helped lead the sale understood my objectives and had a deep knowledge of the nursery sector and the buyers within it. He worked proactively to drive the transaction forward and his experience ensured that I achieved the full asking price. I would fully recommend David and the Merrill Hays childcare team to those seeking nursery business sales specialists."
David Howell, Director at Merrill Hays, managed the sale through to completion and commented: "When Lisa approached us to advise on the sale of her business, the nursery had only been operating a short time and she was understandably concerned as to whether there would be sufficient buyer appetite to achieve the right price. However, with our experience in the sector, we were able to reassure Lisa as to both the saleability of her business and our confidence in achieving her full asking price."
"We carefully presented the opportunity in a confidential manner to a target list of carefully vetted and funded nursery buyers, which resulted in significant interest with several competing bids. Within just a week on the market we were able to successfully negotiate an offer for our client at the full asking price and heads of terms were formally signed by both parties just one week later. The sale demonstrates the continuing demand for smaller nursery settings within the right locations which can offer the scope for growth and development. It has been a real pleasure working with Lisa and we believe that the nursery is in very capable hands under the new owner. We wish all the parties involved every success with their plans going forward."
The nursery was purchased by Mrs Rukaiya Bandali, a degree-qualified early years practitioner with over 10 years childcare experience. Mrs Bandali, who plans to rebrand the setting under the new name of Ashdown Day Nursery, had been determined to run her own nursery and this represented a perfect first step into the nursery sector due to its size and development potential.
Commenting on the purchase Rukaiya Bandali said: "The help and assistance that Merrill Hays offered us as we went through the process of buying our first nursery was invaluable. They were a pleasure to deal with, always courteous and prompt with updates as well as providing expert guidance at each step of the way. We are very excited about taking over the nursery and working alongside the staff and children. We are eager to not only maintain the standards but to encourage the nursery to flourish further as we continue to invest and develop in its future."< Back to other news