Christie & Co sell established Lincolnshire day nursery to expanding local operator
Specialist business property adviser, Christie & Co has completed on the sale of Teddy Bears Day Nursery, an established setting in the village of Bracebridge Heath near Lincoln, to a local nursery operator.
The established nursery has capacity for 61 children and has cultivated an excellent reputation within the local area. It is noteworthy for the giant teddy bear situated at the nursery entrance, to which both children and parents alike flock when they first visit.
Teddy Bears Day Nursery was owned and operated by the Sidebottom family for the past 25 years, and they sought a sale in order to retire. Stuart Sidebottom comments, “Jassi came to see us after deciding to sell our Nursery business, we decided to go with Christie & Co on checking out the market. They did a good marketing job and found us a buyer after a few months.”
The business was purchased by Yellow Brick Road Daycare, a day nursery in the Lincolnshire village of Metheringham. Having acquired their second setting, the group plans to grow further.
Jassi Sunner, Senior Business Agent at Christie & Co, who handled the sale comments, “We are delighted to have completed on the sale of Teddy Bears Day Nursery. We were able to ascertain a realistic sale price which was agreed by our client and we were approached by several buyers, but it became obvious that a local buyer was the ideal applicant to progress with. It was a pleasure to work with our client as they remained pragmatic in order to reach completion. We wish Mr & Mrs Sidebottom and their family all the best in the future.”
For further information on this press release, contact:
Fiona Fieldhouse, Corporate Communications Manager
P: 020 7227 0793 or E: firstname.lastname@example.org