Nursery World - Childcare market mid-year review: 20 per cent increase in the number of nurseries up for sale

The number of providers looking to sell their nurseries increased in the first six months of the year compared to the same period in 2022.

Christie & Co's mid-year review reveals nursery market trends for the first half of 2023, PHOTO: Christie & Co

According to Christie & Co’s Mid-Year review, there was a 20 per cent increase in nursery instructions.

Nick Brown, director & head of brokerage for childcare & education, told Nursery World, ‘We have seen an increase in the number of vendors looking to market their nursery/nurseries.

‘Some of this has been due to the normal reasons why vendors exit the sector and some just due to the current challenges they’re facing.’

The report also finds that 106 per cent of nurseries up for sale, achieved asking price – a 6.5 per cent increase on the previous year.

Brown added, ‘While quality settings are still highly sought after and impressive sales prices are being achieved, vendors may look at bringing their exit strategy forward. Nurseries sold over this period have continued in the same vein as 2022, where competitive tension has seen multiple offers being received on the vast majority of instructions.’

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