Leah Turner, co-founder of Owen Froebel, which offers day nursery brokerage, valuations and sales, on steps to nail your day nursery purchase in 2025.
You’ve set your sights on owning a day nursery in 2025. Exciting stuff!. Here’s some steps to follow to get those keys:
- Why are you doing this? A passion for early years education? A solid business opportunity? Get clear on your reasons. It will steer every decision you make.
- What’s in your wallet? What’s your budget? How’s your credit? Can you fundraise or will you need a loan? Be realistic here.
- Know the industry inside out.
- Pick the right location. Choose a place where families need you.
- Learn the rules and regulations.
- Make a plan.Your business plan should cover everything.
- Start networking. Attend childcare expos, join forums and connect with industry pros.
- Call in a broker. A nursery-specific broker is worth their weight in gold.
- Check the reputation.Look at Google ratings and daynurseries.co.uk.
- Review staff and curriculum. Can you work with the current set-up?
- Dig into the books. Get your accountant and finance broker on the case. Don’t be shy about asking tough questions.
- Inspect the premises.
- Legal check. Ensure the nursery meets every regulation.
- Plan the transition. Parents and staff need reassurance, and continuity is key.
- Hire a solicitor who knows the childcare sector.
- Sort out insurance. Cover it all, from accidents to liability.
- Budget for surprises.
- Win over parents and staff by introducing yourself early and often. Building trust will make your takeover a success, not a nightmare.
- Stay the course. It won’t all go to plan – spoiler alert! But stick with it. Owning a nursery is a marathon, not a sprint. It is a big responsibility, but it’s also one of the most rewarding things you’ll ever do.
