Grantham day nursery to reopen after sale to national childcare group

A Grantham day nursery that closed its doors in February is to be brought back into operation after being bought by a national childcare group. Bells Day Nursery has been acquired by Alpha Nurseries, an Ipswich-headquartered business that currently operates 27 different childcare settings around the country.

The transaction was arranged by Abacus Day Nursery Sales, a specialist division of the national business transfer specialist Blacks Business Brokers. The lease on the business was purchased by Alpha Nurseries off a guide price of £29,950 with an annual rent of £11,960 per year.

Bells Day Nursery, which was rated "Good" by Ofsted following its most recent inspection, first opened in 2013. It closed earlier this year as a result of the ill health of its owner and manager, Ann Macaulay.

Until shutting its doors in February the nursery was registered for up to 50 children and had an annual turnover of £150,000. The building houses separate rooms for babies, toddlers and pre-schoolers as well as a dining area, library, arts and crafts room, soft play area and sensory room.

It is set in extensive grounds, with a large outdoor play area and gated car park. Its new owners plan to reopen the nurseryin September this year with a new name: Newton House Day Nursery.

The nursery is located close to the commercial centre of the Lincolnshire market town of Grantham, which is possibly best-known nationally as the birthplace of the former Prime Minister Margaret Thatcher. It is less than a mile from the town's railway station.

Chelsea Melnyk, sales negotiator at Blacks Business Brokers, said, "I am really pleased that we have found a new operator for this business so quickly, and that Grantham's residents and commuters will soon once again have access to high-quality childcare in this superb, spacious facility.

"The market for day nurseries is very strong at the moment, with a lot of demand from both buyers and sellers. We have a growing roster of childcare businesses on our books but we have also completed quite a number of sales already this year, and the pipeline is looking really good for the rest of 2018."

Parents who wish to enquire about places at Newton House should do so by email to:info.newtonhouse@alphanurseries.co.uk

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Notes to editors

About Blacks Business Brokers

Blacks Business Brokers has successfully sold thousands of businesses since being founded in 2008 by owner and managing director Chris Rowlands. It operates nationwide, selling everything from high street coffee shops and hair salons to manufacturers and engineering companies.

Blacks is headquartered in Bury, Greater Manchester and has offices in London and Leeds. It employs in excess of 30 staff who are able to broker deals worth anything from the tens of thousands to several million pounds.

Blacks Business Brokers is a member of the Institution of Commercial and Business Agents and the National Association of Estate Agents.