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.”
Established over 35 years and based in the South East. Sell and lease printer and copier products, as well as offering repair and maintenance services. Ongoing maintenance contracts of up to 5 years, coupled with lease agreements, contribute to circa...
FREEHOLD
Provides interior certification, design and testing services to clients in the aviation industry. Can enable various industry specific accreditations. Holds a wide range of industry accreditations and certifications. Excellent relationships with inte...
LEASEHOLD
Well Established Company Specialising in Preventative Maintenance Services for Commercial / Industrial Conveyor Systems. Reason For Sale: Retirement. Offers invited.
|
18
|
|
Sep
|
Infrastructure investment manager takes stake in LJLA | BUSINESS SALE
Infrastructure investment management group, Ancala Partners,...
|
17
|
|
Sep
|
Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE
Impact REIT has successfully acquired Cardinal Healthcare, a...
|
16
|
|
Sep
|
Cheshire-based SRL Traffic Systems completes MBO | MBO/MBI
SRL Traffic Systems, a manufacturer and supplier of portable...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources