Nurseries

Nursery Solicitors in Birmingham

Looking for the right residential conveyancing solicitor in Birmingham can be a difficult task, but as a dedicated team, our aim is to take the stress off you and offer you the right advice and support so that the entire process will run smoothly.

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Selling a Nursery

If you are thinking about selling your nursery you have taken the first step on a very emotional journey that may start to feel overwhelming. Selling any business is a difficult decision to make, as you have put everything into making it a success and it has formed part of your life for many years. You have built up credibility and relationships across the community, and saying goodbye is going to be difficult.  

Whatever the reason for selling your nursery, whether it be to retire or release some funds to start a new business venture, rest assured that we as nursery specialists will guide you through the process and minimise any stress. We work with two of the largest nursery brokers in the UK and have fantastic working relationships with them, so if we are your first point of call, we will be more than happy to make these introductions for you.

We have helped hundreds of owners all over the UK sell their nurseries and our specialist commercial property team will work with you to ensure the smooth handover of the premises, whether this is leasehold or freehold.

What fees do I pay

As nursery specialists, we can provide you with a fixed legal fee, where most firms are still charging by the hour. This gives you the peace of mind that your legal bill is not going to spiral out of control. If we can help you, please contact us today. The sooner we become involved in the sale process, the smoother the process will be.

How long does the process take?

If all parties involved raise and reply to enquiries accurately and without delay, we aim to complete the process within 8 to 12 weeks.

How can you speed up the process as the seller?

As the seller you will be required to respond to enquires raised by the buyers. This is known as due diligence. You will be asked various questions about the property, equipment, enrolment rates, staff, accounts, contracts and insurance etc.

It is important that you have this information to hand, as you will be required to provide evidence to go alongside your answers. This information is then uploaded to an online data room and shared with the buyer’s solicitors.

What are the key legal stages?

Week 1 Memorandum of Sale – this will include the agreed sale price, parties, and advisor details.

Week 2 Due Diligence – enquiries raised by the buyers about the business and property.

Week 4 Due Diligence Replies – your replies as the seller will be sent to the buyers’ solicitors for consideration, follow questions are likely.

Week 5 Sale Agreement – this includes warranties,statements confirming what is being sold and restrictive covenants taht stop you setiing up a new nursery nearby.

Week 8 Disclosure Letter – your chance to set out exceptions to the warranties.

Week 9 Exchange of contracts – this makes the sale legally binding.

Week 12 Completion – handover of monies and signed contracts.

Buying a Nursery

We know that buying a business is one of the biggest financial decisions you will make, and with this comes a lot of pressure, stress and questions. 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.

We know about OFSTED and nursery fee funding; therefore, we can hit the ground running and deliver solutions not problems.

We have helped many owners all over the UK buy nurseries.

What fees do I pay

Buying a nursery is likely to be the biggest financial transaction and potentially the most stressful transaction you will be involved in. Therefore, we understand that you are looking for solicitors who are transparent with their legal fees so you can set a budget from the offset.

As nursery specialists, we can provide you with a fixed legal fee, where most firms are still charging by the hour. This gives you the peace of mind that your legal bill is not going to spiral out of control on completion.

Where a commercial property is involved, you will need to cover third party costs, these are known as disbursements, and include searches, land registry fees and other checks, and these will be advised at the start of the process by our commercial property specialists.

If we can help you, please contact us today. The sooner we become involved in the purchase process, the smoother the process will be.

How long does the process take?

If all parties involved raise and reply to enquiries accurately and without delay, we aim to complete the process within 8 to 12 weeks.

How can you speed up the process as the purchaser?

As the buyer you will need to apply for Ofsted Registration unless you are buying a company that is already registered. The earlier you do this, the quicker you can complete the purchase. The Ofsted registration can take up to 6 months.

What are the key legal stages?

Week 1 Memorandum of Sale – this will include the agreed sale price, parties, and advisor details.

Week 2 Due Diligence – enquiries raised by us the buyers about the business and property

Week 4 Due Diligence Replies – wait for the seller to respond to all enquiries for you to consider.

Week 5 Sale Agreement – this includes warranties, statements which confirm what is being sold and restrictive conveants that stop the seller setting up a new bursery nearby.

Week 8 Disclosure Letter – exceptions to the warranties.

Week 9 Exchange of contracts – this makes the sale legally binding.

Week 10 Completion – handover of monies and signed contracts.

Speak With Our Expert

Jas Singh

Director – Corporate and Commercial Law

Email: Jas@pickfordsolicitors.com

Phone: 0121 726 5982