Monday, November 29, 2021

Nottinghamshire nursery sold to growing East Midlands group

Specialist business property adviser, Christie & Co, has sold Dragonflies Day Nursery Ltd in Nottinghamshire.

Dragonflies Day Nursery Ltd is an independent setting for up to 51 children aged 0-5 years. With an ‘outstanding’ Ofsted report, the nursery also has an outdoor area which includes a container unit that was expertly designed and converted by early years experts with toddlers in mind.

The setting comes with the opportunity to extend the premises to one side and to streamline management in line with their existing group.

The nursery is located in a former police station in the village of Calverton in Nottinghamshire with various amenities in the locality providing plenty of drop-off points and access for local parents walking to work.

The business was previously owned by Miss Michele Larman who successfully ran the nursery for over six years and recently decided to sell to pursue an early retirement and spend more time abroad.

It has now been purchased by growing East Midlands-based nursery group, Purley Ltd, which comprises nurseries in Stoke, Northampton and Chesterfield. The group is owned by husband-and-wife team, Mrs Tushi Popat and Mr Anant Popat, who have financial and legal backgrounds which aided their acquisition process.

Miss Michele Larman says: “Having converted the police house and police station in 2014 into a purpose-built nursery, it was important when I was considering handing over the reins that it would be to someone who would lavish the same care and attention to detail that I have for the last seven years.”

Jassi Sunner, associate director at Christie & Co, who handled the sale, says: “Dragonflies Day Nursery is a delightful setting with some really unique features and is situated in a fantastic location.

“The business attracted an array of interest and, much like other recent instructions, garnered a competitive process leading to bids in excess of the asking price.

“As ever, the buyers want to see where they can add value and where the uplift is in the business and Dragonflies is an excellent example of a well-run business with a fantastic reputation with, crucially, room to grow and build on that success.

“Day nurseries like this will always garner significant attention due to the lack of businesses coming to market, which can enable the best price possible for the seller – as was the case for Michele. It has been an absolute pleasure to work with Michele, I wish her and her family good health and hope they enjoy more time together following the sale of the business.”

Dragonflies Day Nursery Ltd was sold for an undisclosed price.

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