Mon, 19 Aug 2019 | BUSINESS SALE
The Griffin Nursery, a children’s day nursery in Bootle, Merseyside, has been taken over by a West Midlands childcare entrepreneur in a bid to boost her growing portfolio.
Shakila Ali, who is the owner of Stepping Stones (Grange) Limited childcare business headquartered in Stoke-on-Trent, made the acquisition from Maitland Nurseries Limited, with the deal arranged and advised by Abacus Day Nursery Sales – a division of Blacks Business Brokers.
Ali currently also owns two other nurseries: the Hannah Daycare and Birchfield Nursery in Birmingham.
The sale of The Griffin Nursery was inspired by its ex-owner’s, Geoffrey Maitland, decision to retire. Maitland initially purchased the nursery in 2008, but placed it back on the market in 2018 with the help from Abacus Day Nursery Sales at the end of 2018.
It went on the market for an asking price of £99,950 and reported a turnover of £173,460 in the business’s most recent financial year. The nursery is also registered with regulator OFSTED for 35 places, and received a “good” rating at its most recent inspection.
Ali’s acquisition of the business will now allow her company as a whole to provide more than 170 full-time childcare places.
Sales negotiator at Abacus Day Nursery Sales, Chelsea Melnyk, said: “I am really pleased we were able to secure a rapid sale for our client, which means not only can he get on with his retirement plans but also that parents and children will also be able to continue to access high-quality childcare.
“I am also happy we have been able to help Mrs Ali grow her portfolio and expand into a new region – she is building a really exciting business and I look forward to seeing it progress.”
This well-established vehicle refinishing and repair business in West Sussex boasts over 20 years of industry expertise, a diverse service offering, and a loyal client base, making it a trusted partner for insurance firms and fleet operators.
This well-established business in the North West excels in providing high-quality uPVC and aluminium products, serving a diverse client base with both end-to-end installations and repair services.
This opportunity highlights a prominent provider of bespoke training solutions for the public sector and civil service, renowned for its expert-led courses and strong international client base. The company offers acquirers a chance to enter niche mar...
04
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
04
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
04
|
Jul
|
£37m-turnover pet food firm falls into administration | ADMINISTRATION
Kennelpak Limited, a private equity-backed pet products comp...
Business Sale Report is the complete resource for finding genuine acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.