The broker’s Childcare & Education Mid-Year Review found that in the year to date, there was a 50 per cent increase in childcare businesses sold in 2022, compared with 2021, with a rise of similar proportions in new instructions (up by 51 per cent.)
Deals have included the sale of nursery groups, as well as single-site operators, with 99.5 per cent achieving the asking price, an increase on the previous year.
They include the Cheshire Day Nursery group of four nurseries and one kindergarten, based in freehold and leasehold properties in the North West of England.
Founded in 2000 by sisters Julie Mannering and Brenda Burling, the nurseries cater for up to 464 children and a growing annual fee income of over £3 million. Following a confidential sales process, the group sold to Bright Stars.
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