St Thomas’ Day Nursery was established in Stoke-on-Trent, in 1989 and had been under our client’s ownership since 2004. During that time our clients, along with long serving, highly skilled and experienced staff members built an excellent reputation within the local area.
The nursery is registered for 49 children aged 0-4 and was operating at a capacity of just 50% of that figure, therefore presenting huge potential for growth in the future. The nursery had also undergone major refurbishment to offer a safer and more stimulating environment in the outdoor play area.
Our client pursued the sale of their business to focus on family commitments. Knightsbridge sold the business to a family who purchased it as an investment opportunity. Two of the nursery’s new owners intend to work within the business whilst retaining the original staff. The business was sold for £110,000.
Laura Simpson, who worked on behalf of our client commented: “It was a pleasure working with our client and the buyer. Over the course of the sale process, I felt we had built a good relationship and I’m thrilled to give our client the chance to put family first. I wish both parties all the best for the future.”
