Market Round-Up - Property forecast
Mark Traynor, HRC Law
Tuesday, January 24, 2017
In this new monthly column, Mark Traynor, partner at HRC Law, will chronicle key trends in the nursery property sector. He starts the series with a review of the past year (December 2015-2016)
MARK'S MARKET MAGIC
For big chains: Government plans for Brexit are expected to gain momentum early this year. Make sure you keep an eye on what happens in respect of immigration and ‘right to work’ checks. If you are looking at an acquisition, make sure the target nursery has their house in order when it comes to their worker checks.
For small providers looking to sell: If one of your new years’ resolutions is to sell your nursery – make sure your property is in tip-top condition. Dilapidations are one of the main reasons a buyer will chip away at your desired purchase price.
Avoid: As a seller, don’t take your eye off the ball until the deal is done. Your nursery’s continued success will help ensure you maximise your sale value. A sale process can be a long journey which will need patience and planning.