Day Nursery Market Insight: Scotland
Senior Director at Christie & Co, Martin Daw, shares his insight into the day nursery market in Scotland…
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Market Overview
We had a strong start to 2023 at Christie & Co, with the announcement of the sale of Kingsmeadows Nursery, a well-established and highly regarded 93-place purpose-built children’s day nursery in Peebles. The business was purchased by Bright Stars which took the group to 87 settings in the UK, 16 of which are in Scotland. Since then, we have seen continued appetite from existing operators and corporate bidders for management-run nurseries with a high capacity for registered spaces, strong Care Inspectorate grades, and robust trading accounts, resulting in high multiples being achieved on both leasehold and freehold sales.
Additionally, there has been a large influx of new buyers looking to enter the sector with budgets and experience more suited to smaller, single settings to provide a platform for a softer entrance into the Childcare & Education sector. This has created competitive bidding tension and elevated values to where we see in other prime areas of the UK.
...To read the full article on the NMT website, click here.
To find out more about the day nursery market in Scotland, or for a confidential chat about your business, contact Martin Daw: martin.daw@christie.com / +44 7764 241 280