Little Neuk, a long established and highly reputable child care and day nursery based in Fife, Scotland, was sold by Knightsbridge Business Sales Ltd to a new owner on 1st November 2013 in a quick sales process that took only 3 months.
The nursery, centrally located with a secure garden and play area, offers full and part time day care for 27 babies and children up to the age of five years.
Boasting a Grade 5 Care Commission Report, strong annual turnover and profit figures and a business rate exemption, Little Neuk Nursery offered an attractive proposition for a new owner, in addition to providing huge scope for development of both the interior and exterior areas.
The vendors sought an exit to release time for family commitments, which was made possible due to new owner, buyer Stacy Penrose, wishing to work within the business on a full time basis and retain all existing staff.
Leanne Boulding who has a vast amount of experience negotiating deals within this sector commented, “The business was certainly attractive within the marketplace and we had 15 viewings before receiving the offer from Stacy. I was delighted for our clients that the sales process itself was so speedy and I wish all parties every success for the future.”
