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Redwoods Dowling Kerr are delighted to announce the sale of Tic Toc Nursery School; a family-run nursery which operates from freehold premises in South London.
This sale follows on from Redwoods Dowling Kerr’s strong start to 2016 with a high number of sales due to their corporate sales process.
The nursery was established by the private vendor in 1990, who decided to sell due to retirement. Registered for 75 children, the nursery benefits from an excellent reputation within the local community, achieving an Ofsted rating of ‘Outstanding’ earlier this year. The vendor has invested significantly into the business to ensure that the children enjoy the highest standard of childcare with excellent facilities.
Tic Toc Nursery School generated extensive levels of interest and, following twelve viewings, was acquired by a small childcare operator. The group have worked with Redwoods Dowling Kerr in the past, and this sale takes the total number of nurseries they own to six. The group are still working with Redwoods Dowling Kerr, and are actively looking to acquire more businesses through them.
The buyer comments: “Karrina Lee (Senior Childcare Negotiator at Redwoods Dowling Kerr) was instrumental in purchase of the nursery. She was an excellent facilitator and helped us and the vendors reach an agreement for the sale to go through. This is the 6th nursery we have purchased with Redwood Dowling Kerr and have been great as usual.”
Karrina Lee from RDK added: “Both the seller and the buyer have been a pleasure to work with. I am pleased that we have been able to help the vendor retire. I also look forward to our continued relationship with the purchaser.”