Nursery World - Case study: Hemsley House Day Nurseries in Maidstone, Kent

Vendor: Teresa Baker Purchaser: Martin Walker

Purchaser: Martin Walker

Sale completed: June 2003

Purchase price: Achieved more than 90 per cent of the asking price Purchasing Hemsley House Day Nurseries marks Martin Walker's entry into the childcare sector. Mr Walker looked at six nurseries before settling on Hemsley House which is located at two sites - a baby unit and a toddler unit - in large, detached Victorian houses with extensive gardens.

As a first-time nursery buyer Mr Walker, who used business agents Christie & Co, was looking for a nursery where the management would remain in place.

'I needed a self-managed business and was attracted to Hemsley House because the previous owner had eased back from being the driver of the business and had a good management team in place,' he says.

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