Whitefield nursery ready for a new lease of life after takeover
A DAY nursery is under new ownership after a deal has been negotiated by Bury sales experts.
The old Whitefield Preschool for Toddlers was acquired by Victoria Adams, an entrepreneur from Lancashire, and renamed Toddlers Children’s Nursery.
Help with getting the facility, which opened in 2007, was provided by Abacus Day Nursery Sales of St Mary’s Place.
The nursery was marketed with a guide price of £ 149,995, to take over the business and lease for the premises. Previously, the nursery was considered “good” by the educational watchdog Ofsted.
Toddlers has been registered to provide up to 43 full-time childcare places and has recent turnover of over £ 327,000.
Eleven staff, including a director and a deputy director, remained after the deal was concluded.
Ms Adams was drawn to toddlers by its open plan layout, similar to one of her Lancashire nurseries, Teddy Towers, and its large outdoor space. Its location on the grounds of Ribble Primary School was another selling point.
She plans to expand the outdoor space of the nursery and introduce a number of Teddy Towers elements, such as a plastic-free frame, into the business. She wants to market the nursery to younger age groups and intends to start hosting open houses as soon as coronavirus regulations allow.
Chelsea Melnyk, Sales Negotiator at Abacus, said: “I am really delighted to have been able to help Victoria with her first acquisition. His existing business has a fantastic philosophy and Toddlers is a great place in a great location with a fabulous team so I’m sure this new chapter for the nursery will be the best yet.
Ms Adams received legal advice from Birchall Blackburn Solicitors and financing for the transaction was provided by Unity Trust Bank.
Andy Ball, Relationship Manager at Unity Trust Bank, said: “Unity is proud to support businesses that provide access to quality early childhood care and development so children are ready for primary education.
“We are thrilled to be able to help Victoria as she grows her business and brings outdoor learning experiences to more children.”