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31 May 2016 | Childcare & Education

Pot of gold at the end of the rainbow for Somerset nursery

Specialist business property adviser, Christie & Co is pleased to announce the sale of Rainbow Smiles Nursery in Weston-Super-Mare, Somerset on a freehold basis to a new entrant into the sector.

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The previous owners, Ms Shepherd and Ms O’Neill, had been actively involved in operating Rainbow Smiles Nursery for over 15 years building up a strong reputation for providing first class childcare. The 45-place nursery occupies a Victorian semi-detached property in a convenient and accessible position within the town on a quiet residential street. It caters well for local families and commuters travelling into the area for work.

The nursery is currently managed by a very experienced manager and staff team, providing an ideal platform for eventual purchasers and first time operators, Mr Paul Trauberman and Ms Stacey McNally who are looking to build on the success of the current business.

Corrina Jones, specialist childcare Business Agent at Christie & Co comments: “We were able to market the nursery in a confidential manner offering the asset to numerous active buyers which resulted in a swift sale and successful completion within six months of the instruction date.

“We wish Ms Shepherd and Ms O’Neill every success in the future and wish Mr Trauberman and Ms McNally all the very best of luck in their new venture.”

Ms Shepherd adds: “I would like to thank Corrina for her proactive approach and professional handling of the sale.”

In the last 12 months, Christie & Co has advised on nursery assets with a value of £733.6m and has the largest dedicated team of childcare business property agents in Europe.