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10 March 2020 | Childcare & Education

Smarties Nursery Group sold to expanding operator through Christie & Co

Specialist business property adviser, Christie & Co, are delighted to announce the recent sale of Smarties Nursery Group, which is located in Mansfield, Nottinghamshire’s largest market town.

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Rated Outstanding by Ofsted, this group of two settings comprise both a freehold and leasehold nursery of the highest calibre. With a combined operating capacity for 69 children, these nurseries boast good levels of occupancy and exceptional learning environments.
 
The settings have been owned and operated by husband and wife team, Steve and Christine Doubtfire, who after teaching careers, followed by 13+ years in the childcare industry, decided that the time was right to retire and pass the nursery onto new owners. Run with a management team in situ, this was an ideal opportunity for buyers looking for an established group situated in sought after locations, with scope and potential for further growth.
 
Steve and Christine commented, “We are delighted to be able to pass the nursery on to Heena and Girish, who we believe are just as passionate about high quality childcare as we are. Our grateful thanks to Nick Brown of Christie & Co who was able to find us the perfect match.” 
 
Smarties Private Day Nursery Ltd. has been purchased by existing operators, Heena and Girish, who are adding to their established other setting. Heena and Girish commented, “We were very lucky to find such fantastic nurseries, which have an outstanding team and provide the highest quality childcare. Nick Brown has always been a pleasure to work with and was able to identify exactly what we needed to take that next step. Christie & Co are always supportive, professional and responsive. Everything you need when trying to grow!” 
 
Nick Brown, Head of Childcare Brokerage at Christie & Co, handled the sale and comments, “It has been a pleasure working with Steve and Christine and helping them to achieve their aim of retirement. This is a super group of two settings that will be perfect additions to new owners, Heena and Girish’s existing portfolio – I was lucky enough to sell them their first setting several years ago!

“This sale highlights Christie & Co’s expertise in matching well-funded, acquisitive buyers with willing sellers, culminating in an excellent result for all parties involved.”
 
For further information on this press release, contact:
Fiona Fieldhouse, Head of Corporate Communications
P: 020 7227 0793 or E: fiona.fieldhouse@christie.com
 
Bronte Hughes, Corporate Communications Executive
P: 020 7721 420 656 or E: bronte.hughes@christie.com
 
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