Funds are available for purchase, development or refinance of Day Nurseries via our recommended finance brokers Chandler & Co. It is recommendable to speak to your financial adviser before you begin your search as the level of finance available on a Day Nursery business does vary greatly, and depends on numerous factors:-
Tenure – Is the business Freehold or Leasehold? Leasehold businesses can be financed but the terms of the lease have to be examined.
Premises – location, size, facilities, construction.
Profitability – lenders will assess the stability of the business, accounting records and whether you can comfortably afford to cover the mortgage payments.
Your Business and Child Care Experience – A suitably qualified and experienced Manager will be required. You will be expected to demonstrate a sound business or Care Background.
Purchase of Going Concerns
You will require a minimum deposit of around 25-30% of the purchase price and additional money to cover buying costs such as Stamp Duty.For details on how stamp duty is calculated click here
Start Ups
With the right experience and a good business plan finance is available for people who wish to start up a Day Nursery.

Finance can be obtained to cover up to 75% of the costs of a new build or a suitable property. Once the business is up and running further money can be released up to 75% of the value of the established business.

Refinances
Funds for refinances are available up to 75% of value.

Existing owners can switch their borrowings into a commercial mortgage from rates as low as 1.25% over Bank Base.

For further information or to obtain a quote visit Chandler & Co.’s website.