Looby Loos Day Nursery in West Yorkshire sold for the first time
Specialist business property adviser, Christie & Co, has announced the sale of Looby Loos Day Nursery near Holmfirth, West Yorkshire.
Established in 1998, this beautiful purpose-built day nursery with operating capacity of up to 54 children has benefitted from an excellent reputation within the local community for over 20 years. It is located in the semi-rural village of New Mill in West Yorkshire, approximately two miles east of Holmfirth and six miles south of Huddersfield.
A fantastic opportunity to the market, after running a direct and confidential campaign, Christie & Co received multiple offers within a matter of weeks, highlighting the demand for quality settings in the region.
The nursery was previously owned by Mr Peter and Mrs Louise Kane who decided to sell to retire from the sector, and has been purchased by a growing regional operator.
Mr and Mrs Kane comment, “It had always been a dream of ours, so we built the nursery ourselves in 1998, and the nursery opened fully in 1999. Due to local demand, we converted more rooms after 12 months of opening. Since then, we’ve always had a great relationship with our parents in the local community.
“We hope the new operators are able to take things to the next level and continue our ethos, looking after the children and the staff.”
Vicky Marsland, Senior Business Agent at Christie & Co, who handled the sale, comments, “It has been a pleasure working with Peter and Louise. The past 18 months have been difficult for the sector in many ways, but their dedication and hard work has paid off. Having been in business for over 20 years, it was important to introduce them to buyers with similar experience in the sector to be able to continue their ethos; putting the wellbeing of their staff, parents, and children first.
“With the new academic year starting, and as more parents return to a normal working pattern, many nurseries are seeing a higher demand for children’s places along with the return of before and after school care provisions. During the pandemic, it very quickly became evident the importance of childcare not only from the perspective of parents’ needs, but more so that of the children, being in an environment to explore, learn and engage with other children is crucial to their development. As such, demand for quality childcare settings in the region has increased for both leasehold and freehold opportunities, with interest from a range of buyers from first-time operators to larger regional and national chains. It continues to be a sector favoured by banks, lenders and investors due to it having endured the pandemic, emerging strongly as we return to normality.”
Looby Loos Day Nursery was sold at an undisclosed price.
Legal advice for the vendor was supplied by Sarah Moore at Freeths.
For further information on this press release, contact:
Phoebe Burrows, Corporate Communications Executive
P: 020 7448 8849 or E: phoebe.burrows@christie.com
Contact the agent:
Vicky Marsland, Senior Business Agent
P: 07526 175 857 or E: vicky.marsland@christie.com
