You've built your nursery up over several years; invested your money, time and hard work in it. Now with the boom in childcare provision, you think it is time to sell up and reap the rewards of your labour. So, what is your nursery worth? 500,000? 750,000? Unfortunately, it may be worth less than you had hoped.
Typically, nursery operators tend to overvalue their busi- nesses when contemplating a sale, says Ron Cobb, principal valuer at Nurseries Direct, a business transfer agency specialising solely in the sale of day nurseries.
'Many nursery owners value their business on the effort they have put in,' he says. 'Regrettably, the business will only achieve the value that the market is prepared to pay.'
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