Nurseries which have strong local reputations are attractive to groups who want to grow. How do practitioners interact with children, What opportunities for progress and growth you provide. Heres our one: Doing all this makes the inspection less daunting for your staff (and you). If EY providers make use of any modifications and disapplicatons, details on where to apply reasonable endeavours and best endeavours are included. All Rights Reserved, Guide toSelling and buying a nursery business. Two approaches. Of course, setting up your own day nursery has a number of advantages. And this is the time to let the nursery shine! We know about OFSTED and nursery fee funding; therefore, we can hit the ground running and deliver solutions not problems. MA Education is part of the Mark Allen Group. You may find once you start running the business that youre not completely happy with all the staff and that some of them will be less than entirely happy with you. It acts carefully and confidentially, gets to know its sellers and buyers well and ensures that the best prices are paid while minimising the amount of disruption caused. Yes you can gradually build up staff in a new nursery as long as you are always in line with Ofsted ratios. The African veldt; The Lake District; the seaside at Broadstairs; the sky at night, complete with little green spacemen for the Baby Sleep room all charming scenes with lots of things for children to discover and help them exercise their imaginations. I had in mind a sum that I wanted for the business three times ourannual profits plus the value of the buildings and the valuation was what Id hoped for. Things the inspector is looking to find out are: Weve made this easier for Blossom customers with our easy-to-use and modern Parent App. The NDNA can also help individuals looking to buy or set up a nursery, and has a resource pack called Developing a Day Nursery priced at 25 plus postage and packing. Critique your profit and loss account. Remind them that its alright to acknowledge mistakes, and emphasis that the inspection is a celebration of accomplishments that your staff should be proud of. You will need to maintain your Ofsted registration with an annual fee. Serious improvements will have to be made immediately (or at least in time for the next inspection in the following 3 years). This chapter explains when you cannot register, and when you do not have. While some want a profitable and cash generative business, Robert Yates, head of sales at Redwoods, says others are looking to turn around closed or underperformingsettings to gain healthy adjusted profit levels. I sold it last year as a 68-place nursery with a before- and after-school club and minibus. Even if now is not the right time, we can offer advice on what you can do to maximise your position. From practitioners to administrators to children. You will need to maintain your Ofsted registration with an annual fee. Resource packs to supercharge your planning, I would like to receive regular updates from Teachwire with free lesson plans, great new teaching ideas, offers and more. It helps us to think honestly and raises our self awareness. In that case, this will trigger a surprise inspection. Show your inspector the impact your setting has on your observations and assessments for each child. Our reputation for identifying and prioritising the value-driving aspects of a business transaction and our get-it-done attitude have won us repeat clients and multiple referrals from business brokers and transfer agents. Early years settings should be safe environments where children can learn and develop without the threat of abuse or harm. Read the latest EYFS topics. 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. Take note of your policies and procedures. At an Ofsted Outstanding nursery, your staff are brilliant role models who put caring for the children first. Audit your setting against these criteria. Gain an insight into the effectiveness of the provisions professional development programme for practitioners, Learn about the providers view of staffs interactions with children, See the quality of the implementation of the curriculum/educational programmes. There were complications on my side because of the nursery being on a split site, and there were also delays with the buyers backers. They will be able to oversee each aspect of the sale and give professional advice. Weve saved you the trouble. The impact of this self reflective practice takes us [children, staff and parents] from strength to strength.. My nurserys reputation and close proximity to the other three settings influenced the sale, along with the potential for growth. Where a day nursery changes hands, or a new business is set up, the new owner must go through the registration process. With this check, you make sure that prospective employees are legally able to work within the UK. Running a nursery takes lots of energy and enthusiasm and I felt that I had reached my peak, so it was time to sell the business. Lets get down to the specifics. For more information, visit schooltransfer.co.uk, You'll also receive regular updates from Teachwire with free lesson plans, great new teaching ideas, offers and more. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, Parenting, childcare and children's services, Childminders and other adults working together, registered individuals as well as the registered person and the nominated individual, exemptions to the requirement to register, childminder agencies contact information and Ofsted reports, Childminders and childcare providers: register with Ofsted, Starting a nursery or other daycare and running the business, Daycare roles that must register with Ofsted, Report changes to registered people in your nursery or other daycare (EY3), someones home where 4 or more adults will be working with the children at the same time, the individual owner of a daycare organisation, one of the registered individuals of a daycare organisation owned by a company or group. Staff can ask themselves: Understandably, some of your staff may experience anxiety around the inspection. They will be able to oversee each aspect of the sale and give professional advice. Not only is it illegal, but you want to create a recruitment process that focuses on respect, equality, inclusivity, and diversity. Check benefits and financial support you can get, Find out about the Energy Bills Support Scheme, Parenting, childcare and children's services, Start a nursery or other daycare business, Apply to register your nursery or other daycare organisation (EYO), Add a setting to your application to register a daycare (EYS), Daycare roles that must register with Ofsted, Apply to join a nursery or other daycare organisation (EY2), Childcare: reporting childrens accidents and injuries, Being inspected as a childminder or childcare provider, Early years foundation stage (EYFS) statutory framework, Daycare providers on the compulsory Childcare Register: Ofsted requirements, Daycare providers on the voluntary Childcare Register: Ofsted requirements, Report changes to registered people in your nursery or other daycare (EY3), Add another setting to your nursery or other daycare organisation (EYS), Applying to work for up to 50% of the time on non-domestic premises (EYA), Pay your childcare or social care invoice, Pay your Ofsted annual registration fee by direct debit, Becoming a childminder and running your business, Joining the Childcare Register and running the business, Children's centres, childminders, pre-schools and nurseries, Recruiting and managing early years staff, someones home, working with 3 or more people at the same time. This may be for no other reason than the fact that youre simply not the old owner and have no relationship with them! According to the handbook, Joint Observations should enable the inspector to: What they are mainly looking for is the managers ability to recognise anything done well and more importantly anything that needs improving. 04002826. She reminds me of a younger version of myself a trained teacher, very caring and has ambitions for marketing the business. Dont include personal or financial information like your National Insurance number or credit card details. For an Ofsted Good rated nursery, you usually receive a brief, 1-day inspection as they provide for all childrens needs and prepare them well to continue their education journey. It is important to make sure that all these are up to date and filed in order, ready to be quickly produced when requested. They need to be continuously improving as childrens safety is of paramount importance. Nurseries can be bought from anything from 20,000 for one that has been run in a rented hall, where you're buying the name and goodwill, and up to millions for a purpose-built freehold property with staff and a list of names waiting for places. In England, you can go a step further and check qualifications with the Department for Education on the website. OFSTED. Telling my staff when the sale was confirmed was hard, but they understood that it was time for me to move on. Who would you approach or contact if you had any safeguarding concerns regarding a child or adult? Early years services must have clear and current policies which set out proper disclosure and barring checks for potential recruits. Whats more, until such time as the registration has taken effect, your new business will not be allowed to operate. Garden Center property Includes 1350' sqft indoor retail area and 1350' sqft office area. This is not a change in law or practice. This adds an extra layer of protection to your nursery. Having the Right Finance is Key when looking to buy a Nursery for sale. The backers wanted an additional report from a structural engineer and conducted an Ofsted-style inspection to check the standard of care and education. buying a nursery: ofsted. Blossomers are able to upload and store The Early Years Inspection Handbook on the Blossom platform for continued, easy access. There are several ways to grow your business by adding staff members, expanding services, or opening more locations. What impact have I made as an individual to this setting and its children? However, to ensure that you can do so, you will also need to make sure that you have the right to occupy the business premises and that, in most cases, will depend on an assignment of the sellers lease. It was exhausting and made harder because I had to keep it secret from my staff so I did not jeopardise the sale. After you hang up, try to resist the urge to frantically make a to-do list. Get your rating from Good to Outstanding with our methods, tools and advice from Early Years experts who actually did it. The nursery went on the market in March 2019, which was exciting, and the brochure looked great. Anyone you have to tell us about must also apply to join your registration. Easily shared with your team. How to prepare staff. 'I am a trained teacher and started the nursery from scratch 20 years ago. Rest assured, whether you are buying your first nursery or a second or third setting our knowledge and expertise within this sector will ensure the process is smooth and stress free. However, it should be noted that your inspector will not judge them separately. And thats not surprising. 65% occupancy To avoid. I dont regret selling the business - I possibly should have done it sooner.. If your nursery follows a specific pedagogy (e.g. You must register with Ofsted unless you plan to work with 3 or more people in someone's home. Blossoms diary feature sends parents daily updates of their childs activities (photos and videos), as well as highlights golden moments, making it much faster and easier to show off. Steps to buying and selling Find a confidential broker who has experience in the nursery sector. Having them in your hands allows you to examine the original documents for authenticity and make copies for your records. Downloadable content that provides real answers & insights. You must tell Ofsted about changes to those responsible for your daycare organisation. Here are the documents that need to be readied according to page 9 of The Early Years Inspection Handbook: Blossom customers are able to find nursery, staff, and child files instantly. I also knew that the building had a big back garden, which is unusual in a town. At its peak it had 140 places with a waiting list, says former owner Cheryl Connell. However, some businesses forget to tell their insurance provider about the changes. Operating a nursery can be very satisfying and rewarding, but it takes a lot of hard work. you like learning outside) inform the inspector. These are all analysed and evaluated. Whether youre looking to buy an existing business or set up your own, keep the following points in mind, Make sure you can obtain D1 planning permission for any nursery business or suitable premises you buy; if you dont have this, you cannot legally run a nursery there, If youre buying an existing business, have a look round as a parent first, if you can, Trust your first impressions of a business or premises; theyre usually reliable, Do your sums it may be hard to make a living from a nursery with fewer than 50 places. Your inspector will be looking how your intent helps children make progress across the seven areas of learning and is play-based. Cornwall, England, England. 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. You have rejected additional cookies. You can create your own image and ethos for the business, and market it in the way you wish. At all stages in the recruitment process (and in life generally), it is imperative that you do not adopt any attitude of discrimination. ), Encourage staff to share previous inspection experiences, List of current staff and their qualifications, including in paediatric first aid, Register/list showing the date of birth of all children on roll and routine staffing arrangements, List of children present at the setting during the inspection (if not shown on the register), Disclosure and Barring Service (DBS) records and any other documents summarising the checks on, and the vetting and employment arrangements of, all staff working at the setting, All logs that record accidents, exclusions, children taken off roll, and incidents of poor behaviour, All logs of incidents of discrimination, including racist incidents, Complaints log and/or evidence of any complaints and their resolutions, Safeguarding and child protection policies, Fire-safety arrangements and other statutory policies relating to health and safety, List of any referrals made to the local authority designated person for safeguarding, with brief details of the resolutions. Ofsted will grade each Area of Inspection, which will form the overall grading. 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. Lets break it down. And, of course, do not add to the pressure theyre already aware of the importance. This makes sure that you carry out thorough and legal policies and procedures. Wed like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services. So, it is worth checking what the most recent reports show. Your inspection day is not the time to try anything new. To achieve an Outstanding, The Early Years Inspection Handbook needs to be studied and its principles put into practice at your setting. These should prioritise childrens safety and wellbeing. Pay extra attention to part 2 of the handbook for your Ofsted nursery. Assuming it is assignable, the assignment will invariably require the landlords consent. The Hidden Costs Of Buying A Bed And Breakfast, Buying A Veterinary Practice? It is important to consider the positives as well as considering things that dont always go well. Redwoods recommended a solicitor, which made the sale smooth because they were used to working together - it was just slightly delayed because of lockdown.