There are several ways to grow your business by adding staff members, expanding services, or opening more locations. The value to be gained from using the services of a solicitor experienced in buying and selling businesses at this early stage is immeasurable. Step 1. Some owners are being cautious about putting their nursery on the market, but with buyers' enquiries going through the roof, now is a good time, advises Mr Yates. At an Ofsted Outstanding nursery, your staff are brilliant role models who put caring for the children first. You should read this guide if you will be looking after children aged between birth and the 31 August following their fifth birthday and you will be doing this in: If you want to look after children in this way, you will need to register your daycare. Although the lease will usually state that such consent is not to be unreasonably withheld, in practice, it is rarely a speedy process for the following reasons: Its important to make sure that you are aware of the terms of the lease to be assigned. (unless concerns are raised). Check out these examples of inspection questions: The inspector will most likely ask several staff members about one of their key children and their development questions such as: Your inspector only sees a snapshot of your setting on inspection day. When business owners looking to sell their business need practical legal advice, delivered by sector experts, they turn to Truelegal. How do you get your point across? If you know what the inspector is looking for, you can ensure that your setting meets those requirements. Redwoods recommended a solicitor, which made the sale smooth because they were used to working together - it was just slightly delayed because of lockdown. Its imperative that you answer all questions with 100% honesty because sooner or later the inspector will find out. It is clear that the Covid-19 pandemic has increased safeguarding risks EY settings. It may not be the case for them, but its worth being one step ahead than one step behind. Unfortunately, this is another straightforward sounding process which can often prove problematic for buyers. Plus you are able to generate formative reports (such as termly/half-termly reports) to make Ofsted inspections less stressful. Lets get inside the mind of the inspector for a second. Blossom will be updating its platform to include both the Birth to 5 Matters and Developments Matters documents to comply with the new EYFS framework starting in September this year. The nursery was very much my baby and, rather than rush a sale, I wanted to be selective so that it went to the right person, not just for the right price. As you probably know, childrens day nurseries are nationally regulated by the Office for Standards in Education (Ofsted), which inspects all childcare provision. Nurseries are registered with Ofsted and can then be run by private individuals, community groups, organisations or employers. What buyers are looking for in a nursery is very personal. It was 15 wonderful years, but my daughters are now grown up, and I turn 50 next year so it felt the right time, says Bambi Nicolas, whose nursery sale went through in July. If you are registered on the Early Years register, you must meet the early years foundation stage framework standards. Details of all children who are open cases to social care/childrens services and for whom there is a multi-agency plan. What impact have I made as an individual to this setting and its children? When you have completed this application, you must also: You will receive an email telling you to complete these steps. You need to be confident that the numbers stack up. The more staff understand what constitutes an Ofsted Outstanding nursery, the more confident they will be on inspection day. The Covid-19 pandemic has a very real and serious impact on children and their development. In addition, the costs of the landlords solicitor (to be met by the seller or buyer by agreement) are often a surprise not budgeted for. 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. When business owners need practical legal advice, delivered by sector experts, they turn to Truelegal. This is where youre most likely sitting. When Ofsted using the word intent they are referring to your settings overall way of working. Nurseries across the UK use Blossom to increase efficiency across their finance, learning journeys, operations & occupancy. At the time, the experience was a complete nightmare. If the childcare takes place in someones home, you must tell Ofsted about any changes to who is living or working there. It may be your pride and joy, but listen to the brokers advice on a realistic selling price or be prepared for a slow sale. These are all analysed and evaluated. I also knew that the building had a big back garden, which is unusual in a town. Apply to register your nursery or other daycare organisation (EYO This sets the tone for your setting overall. The inspector will make sure to chat to parents and gather evidence on their opinions of your setting. I contacted Redwoods because Id seen adverts in Nursery World and found them really knowledgeable. Downloadable content that provides real answers & insights. At all stages in the recruitment process (and in life generally), it is imperative that you do not adopt any attitude of discrimination. What does each rating mean exactly? Section 4: The contribution of the Early Years provision to children's well-being. Nursery Franchise Opportunities For Sale | FranchiseDirect.co.uk 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. Make job offers conditional. You will always need on site, at all times, a qualified first aider and a nursery supervisor (With qualifications of at least a level 3). Discussions with children about their likes and dislikes. Day Nurseries for Sale in the UK | Owen Froebel New entrants and people who have registered with us say that this was always going to be their year to enter the sector, and Covid hasnt changed that, says director of childcare and education, Jenna Caldwell. In this case, you can choose to register either with Ofsted or with a childminder agency. The building belonged to the Mormon Church, and they wanted to sell it in order to expand. Telling my staff when the sale was confirmed was hard, but they understood that it was time for me to move on. Need help with Blossom? one of the registered individuals of a school which does any of the following: admits children to their register who are not yet 2 years old, provides care for children under 2 years old where at least 1 child attends for more than 2 hours a day, provides care for children who are not pupils at the school, you are working with 3 or more other adults at the same time, the children are looked after in someones home, either your home or someone elses, background information on childminder agencies on the, your organisations contact details, including individuals who form part of it, the contact details of your organisations nominated individual, details of any previous registration with Ofsted, ensure each person who will be in a governance position. Inspection outcomes where there were no children on roll. Its sensible to think about your eventual exit before you enter into a purchase. We are assuming that are first steps will be to find . This is what your inspector will be looking for. Whats The Difference Between An Asset Sale And A Share Sale? Buying a Day Nursery: Ofsted registration As you probably know, children's day nurseries are nationally regulated by the Office for Standards in Education (Ofsted), which inspects all childcare provision. Inspectors are unlikely to check all policies, however, according to the Early Years inspection handbook, ones to get ready most likely are: Practitioners can access The Early Years Inspection Handbook anytime once uploaded to the Blossom platform. When setting up a nursery the size of the group of children within your setting will also be investigated to ensure you are following the staff-per-child and space-per child ratios. We incorporate the 3 is into everything we do from planning to behaviour management to any change we wish to implement. Operational reports to give you the data you need. Read the latest EYFS topics. The sooner we become involved in the process of helping you to buy your childrens nursery the more likely it is that your purchase will be successful, so please contact us today. Some suggestions to encourage reflective practice at your setting: At some point during your inspection, there will come a time for joint observations. With this check, you make sure that prospective employees are legally able to work within the UK. Early years services must have clear and current policies which set out proper disclosure and barring checks for potential recruits. Its worth thinking about whether you will be able to pass on your business before you start. So send out a notification email or text so that theyre not caught off guard. After you hang up, try to resist the urge to frantically make a to-do list. The assignment will also require the consent of the landlord. Early years settings should be safe environments where children can learn and develop without the threat of abuse or harm. Ofsted looks at four 'Areas of Inspection', which are as follows: Quality of Education. Find a confidential broker who has experience in the nursery sector. 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. Many buyers will research other childcare businesses within a ten-mile radius, so know your competition. What is your relationship like with other staff members? To help us improve GOV.UK, wed like to know more about your visit today. This excited and relaxed energy carried into the inspection the next day which the inspector immediately picked up on. If you do not qualify to apply to register as a daycare, childminder or nanny you might be able to apply to join the Childcare Register. By signing up you agree to our terms and conditions and privacy policy. Take note of your policies and procedures. This is another matter that commonly causes problems for buyers of childrens day nurseries. I think there was additional interest because there is lots of business potential. Step 2. The anticipated phone call finally comes. It will also have a link to an overview page where you can check the progress of all these connected applications. Staff and parents were very shocked when they heard I was moving on, but Ive not stepped away just yet. Audit your setting against these criteria. If you wish, you can delegate some duties of the walk to other managers/ leaders in your setting. Ofsted nursery ratings matter to staff very much as well. We use some essential cookies to make this website work. Register your details with us, and be sure to let us know exactly what you are looking for, so we can actively look for you. Nurseries which have strong local reputations are attractive to groups who want to grow. And, of course, you will be inheriting someone elses name, brand and management style. If you are registered on both registers, you will need to meet each set of requirements. Fortunately, mine was the winning bid. This, it turned out, was nothing to do with fillet steak in a plastic bag; rather, it meant you just had to make your best offer and hope for the best. And thats not surprising. It is important to make sure that all these are up to date and filed in order, ready to be quickly produced when requested. Get what you need to become a better teacher with unlimited access to exclusive free classroom resources and expert CPD downloads. Buying A Nursery Business UK | Nursery Solicitors | Sale Or Purchase In these circumstances it is normal to agree and include the following provisions in the contract: a) that the seller continues to provide some form of consultancy to the new business (it may be as little as a couple of hours a week) and b) for you, the buyer, to provide an indemnity to the seller agreeing that should Ofsted make any kind of claim against the seller with regard to the Ofsted registration, you will reimburse the seller for the amount of the claim and any associated costs.
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