They will pick up information from a variety of sources such as word of mouth, and of course your website. Dont try to do anything on a tight budget, and dont rely on promises from Ofsted, builders, decorators or indeed anyone else, because at least one of them is bound to let you down, sadly! Ms Caldwell agrees, The childcare market, or any market regardless of sector, is always going to be strongest when the buyer market outweighs the supply and that is very much the case. All Rights Reserved, Guide toSelling and buying a nursery business. Combine All property for $1,200,000 and I'll throw in the trucks and bobcats. With specialist nursery brokers Redwoods Dowling Kerr reporting enquiries rising by a staggering 142 per cent since lockdown it is currently very much a sellers market. Find out when you must apply to register if you want to set up a nursery, or other daycare organisation for children. Do you like children? The lowest rating Ofsted hand out is Inadequate. This states that the setting does not provide proper or an acceptable quality of education and care for children. Unfortunately, this is another straightforward sounding process which can often prove problematic for buyers. Pay your childcare or social care invoice 27 May 2020 Guidance Pay your Ofsted annual registration fee by direct debit 13. Currently there is not a rise in people wanting to exit the sector, but Ms Caldwell predicts it will happen. You can either use the service on this page to apply to register as a childcare on domestic provider with Ofsted, or you can register with a childminder agency. I think there was additional interest because there is lots of business potential. Choose a broker on their experience, references and whether you feel you can have a good working relationship with them. Our Blossomers are able to link all observations to both EYFS and Montessori frameworks, as well as track observations and child development to show the inspector what the 3 Is mean at their setting. Make a free enquiry The sooner we become involved in the process of helping you to buy a nursery the more likely it is that your purchase will be successful, so please contact us today. When business owners looking to sell their business need practical legal advice, delivered by sector experts, they turn to Truelegal. Ensure that your nursery is bright, smart and welcoming and that staff are friendly and children engaged. I also knew that the building had a big back garden, which is unusual in a town. Redwoods recommended a solicitor, which made the sale smooth because they were used to working together - it was just slightly delayed because of lockdown. Redwoods Dowling Kerr offers bespoke services aimed at clients who are lookingto expand and grow their nursery business, along with new entrants looking to enter the sector, and those looking to sell to realise maximum value for their investment. Above all encourage positivity and remember to celebrate your staff and setting. Photos are excellent tangible evidence that your inspector can collect all in support of improving your rating. Ask questions. It is important to make sure that all these are up to date and filed in order, ready to be quickly produced when requested. Section 5: The leadership and management of the Early Years provision. Such a claim, for example, may occur if you failed to make sure there was an adequate number of DBS checked staff to look after the children in your care during the transition period. How buying a nursery with us works. The law states that under the Immigration, Asylum and Nationality Act 2006, as amended by the 2016 Immigration Act, employers need to check this. You must register with Ofsted unless you plan to work with 3 or more people in someone's home. In this case, you can choose to register either with Ofsted or with a childminder agency. After the call, you will be surprised how quickly the word spreads of the anticipated inspection in your setting. Having them in your hands allows you to examine the original documents for authenticity and make copies for your records. Whats The Difference Between An Asset Sale And A Share Sale? Overall, make it a celebration of your nurserys achievements and what impact it has made. Talk about their likes and dislikes (as well as any milestones hit since joining your nursery). Here are some policies that you should implement: Write out the approach that you take to recruiting staff or volunteers to work with your children. And thats not surprising. Staff and parents were very shocked when they heard I was moving on, but Ive not stepped away just yet. But if you are determined to run your own nursery and have a clear vision for how it will work, then good on you and the very best of good fortune! I liked that I never felt pushed by Redwoods and they gave me good feedback. Published by MA Education Limited, St Jude's Church, Dulwich Road, Herne Hill, London SE24 0PB, a company registered in England and Wales no. If you are registered on both registers, you will need to meet each set of requirements. Plus you are able to generate formative reports (such as termly/half-termly reports) to make Ofsted inspections less stressful. Lenders generally do not want to finance nurseries which are deemed "Inadequate" or "Require Improvement". For further information about buying this book or joining the NDNA, visit the website. Cornwall, England, England. Inspectors are unlikely to check all policies held by the provider. Specialist Software Built for Preschool Businesses. To help us improve GOV.UK, wed like to know more about your visit today. Rather, they will reach a single graded judgement for the quality of education at your Ofsted nursery (backed by the evidence theyve gathered during their inspection). You will need to apply to register as a daycare if you will be looking after children aged up to the 31 August following their fifth birthday in: You must register with Ofsted unless you plan to work with 3 or more people in someones home. buying a nursery: ofsted. Another thing to consider before embarking upon any new nursery project is the amount of free time the government claims it will give to parents. So send out a notification email or text so that theyre not caught off guard. Buying a Nursery Franchise. OFSTED. At an Ofsted Outstanding nursery, your staff are brilliant role models who put caring for the children first. At the time, the experience was a complete nightmare. Unless you are buying a freehold property from which to run your nursery business, you will as part of the purchase process also require a deed of assignment from the seller, transferring ownership of the premises lease to you or your company. Make a point to inform your inspector on how you have adopted your approach and policies to ensure that: The learning walk on your inspection day encompasses a 15-20 min walk with the manager and inspector. You can change your cookie settings at any time. Ofsted never answered any questions about responsibility or compensation I decided to put the nursery on the market with RDK in November 2019 and was reassured that they would keep it confidential, which they did. An example of this happening is where a childminder expands their business to join with other childminders or assistants. However, it should be noted that your inspector will not judge them separately. Pay extra attention to part 2 of the handbook for your Ofsted nursery. I was surprised to be told how unique my nursery was. And, of course, you will be inheriting someone elses name, brand and management style. - a nanny. We get an equal split of enquiries for leasehold as we do for freehold as long as the leasehold has a secure lease in place.. Buyers are looking for deals and are prepared to work to tight timescales to secure the right opportunities. Our Staff Rota lets employees know who will be present on the day of inspection, and our child attendance tracking features make it simple to see which children (and therefore parents) will be participating. Downloadable content that provides real answers & insights. I can see that Im leaving the nursery in good hands., Smart Start Private Day Nursery in Oldham, Greater Manchester. To avoid the possibility of your day nursery being unlicensed for any period youll need to be proactive with the seller early on in the transaction process. We also use cookies set by other sites to help us deliver content from their services. Your inspection day is not the time to try anything new. If you decide to go forward with an interview, ask them to bring along their certificates and other evidence of qualifications. You have rejected additional cookies. Since 1986, The School Transfer Company has specialised in the sale of nurseries and schools. Not registered with Teachwire? If you have certain activities planned, again inform your inspector so that they can make time to observe this. When Redwoods Dowling Kerr initially contacted me two years ago, I was actually quite offended at the thought of selling, but it got me thinking and later I was interested in receiving a valuation. Weve saved you the trouble. When business owners need practical legal advice, delivered by sector experts, they turn to Truelegal. This is the guide your inspector will follow to a tee, so everything you need is there its the execution that can get a bit tricky. For guidance on how to register with a childminder agency, or if you are already with an agency, contact the agency directly. By doing this, you prevent employing someone who has been barred from working with children. But, of course, this is far from an ideal start for any new nursery business. We held viewings out of hours. As a nursery or other daycare, you must report to Ofsted any significant events affecting your childcare within 14 days. Fixed pricing and personal hand-holding from transaction start to finish, and beyond, are what set Truelegal apart from the rest.. It may not be the case for them, but its worth being one step ahead than one step behind. You can create your own image and ethos for the business, and market it in the way you wish. After spending every moment with them since birth, having them go off for days at a time can be strange, and stressful. Talk to the children and practitioners about the activities provided, Talk to parents to gain their views on the quality of care and education provided, Observe the interactions between practitioners and children, Gauge childrens levels of understanding and their engagement in learning, Talk to practitioners about their assessment of what children know and can do and how they are building on it, Observe care routines and how they are used to support childrens personal development, including the settings approach to toilet training. Lets get inside the mind of the inspector for a second. London (Day Nursery / Nursery School For Sale) Established in 1995 by the current owner Fees income for year-end 2021 of 169,381 with an EBITDA of 51,107 Rated 'Good' by Ofsted on its last inspection Brand new 5-year lease Places for 32 children.