3 years ago, the vendor recognised a demand for childcare within their town, and saw an opportunity to acquire Just Imagine Day Nursery in Canvey Island, Essex. The nursery subsequently became a valuable part of the community.
The nursery has a capacity for 72 children and provides care for children between the ages of 0 to 11 years of age. The business has an unrivalled reputation in the area, earning a ‘Good’ report upon its most recent Ofsted inspection on 19 December 2018. Both parents who travel to the area and those in the locality rely on this nursery setting to provide a safe and stimulating learning environment for their children.
Due to aspirations to pursue business interests in a new location, the vendor decided it was time to sell their professional childcare setting. Their ownership of the business had transformed it into a highly lucrative business to acquire.
The vendor entrusted the team at Redwoods Dowling Kerr to transition their nursery into new ownership. Once they placed this sought-after business onto the market, it attracted 3 viewings and 1 offer, with the successful offer being received within just 2 months. The nursery was acquired by Tee and Kemi Familusi, one of whom has experience working as a nursery nurse. They were searching for a nursery to purchase for themselves. The profitable location of the business was a major influencing factor for the sale, and they aim to grow on the nursery’s current success.
The buyer commented;
“Your service was fantastic! You kept pushing until we got there. Thanks for a phenomenal service Natasha.”
Lead Negotiator Natasha Satterthwaite commented;
“We had our ups and downs, however the team of vendors at Just Imagine have always been a pleasure to work with, no ask was too big. Kemi and Tee have also been a pleasure to deal with, always keeping in contact and working with me to try and ensure the transaction goes through. Best of luck to everyone involved on their future endeavours.”