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05 January 2017 | Childcare & Education

Christie & Co sells Rupert's Day Nursery to expanding local operator

Specialist business property adviser, Christie & Co is pleased to announce the sale of Rupert’s Day Nursery.

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This impressive 44-place nursery is located on Maple Road in Brooklands, Manchester has been sold on a freehold basis to existing nursery operators, Mr & Mrs McGrath.

The previous owner, Mrs Dewhurst set up Rupert’s Day Nursery almost 30 years ago, building the business organically and implementing an exceptionally strong and consistent local reputation for providing first class childcare. After taking the decision to retire she then approached Christie & Co to manage the sales process from the start to completion.

The attractive nursery comprises a detached, two-storey, converted and extended valuable property which was the ideal combination of nursery space and private residential accommodation.

After a six week marketing campaign, eight viewings and a competitive bidding process offers were received from four interested purchasers. The successful party in this process was Mr & Mrs McGrath and this nursery will be their fourth nursery as they continue to successfully build their portfolio of quality childcare settings and firmly establish their presence in the Sale and Manchester area.

Mrs McGrath comments, “Christie & Co understood our overall business growth plan from the start. They were extremely attentive and kept in regular contact with us from day one. We were very excited when they approached us with Rupert’s Nursery and we instantly knew we had been well matched! Christie & Co ensured the whole process went very smoothly, from initial contact with viewings to the negotiation of our final offer. We have been very impressed with their professionalism. They understand the process well from both sides of the deal, which resulted in a very smooth sale and even smoother take over.”

Sofia Beck, Business Agent-Childcare at Christie & Co brokered the sale and comments, “The buyer and seller were an ideal match as they clearly shared the same ethos in the way in which they run their respective nurseries. This highly confidential process was made very smooth by each party as they worked together to complete this deal. There was a high degree of interest in this nursery which just shows the demand for high quality settings in and around Manchester.”