Play and Learn Day Nursery Limited sold by Redwoods Dowling Kerr
24th May 2019
Redwoods Dowling Kerr sell successful nursery group in Essex.
Play & Learn Day Nursery Limited is a group of 2 childcare settings registered to care for a total of 90 children aged between 3 and 5. The first of the two nurseries was established by vendors, Mojeed and Donna Adoti 12 years ago, with the second being set up to meet the increased demand for the setting’s renowned care.
The nursery group enjoyed a historically healthy occupancy, resulting in an impressive annual income exceeding £550,000. Renowned for providing excellence in childcare, creative and exclusive learning experience, the settings gained a “good” rating upon their most recent Ofsted inspections.
Mojeed and Donna put the nurseries on the market due to their wish to pursue other business interests, with the nurseries gaining 2 offers after 5 viewings. The successful bid was made by corporate buyer Ashbourne Day Nurseries, increasing their portfolio to a total of 16 settings.
Buyer, Imran Mehdi of Ashbourne Day Nurseries shared;
“We found that both Redwoods Dowling Kerr and Karrina Lee were very professional and proactive, supporting us all the way from initial enquiry to completion. Karrina was very skilled and experienced in navigating through the process.”
Lead Negotiator of the sale, Karrina commented;
“We are delighted to have been able to assist Mr & Mrs Adoti with the sale of their childcare group.”
“We received a good level of interest, receiving two offers at an acceptable level after only being on the market for two months.”
“It has been a pleasure working with Ashbourne Day Nurseries again to help them grow their nursery group and look forward to any future dealings.”