Finance on buying a Freehold Day Nursery

[magic torch]

As the title really, can anyone help?

It's a long established profitable nursery, can't say much more on here.

Thanks.

[Eric Mc]

I preume you read the headline on Saturday's Daily Telegraph?

[magic torch]

Yes, very interesting and shocking at the same time.

[Eric Mc]

A typical example of well intentioned government legislation having precisely the opposite effect as to what was originally desired.

[Plotloss]

Eric Mc said:

A typical example of well intentioned government legislation having precisely the opposite effect as to what was originally desired.

What was the gist of the article Eric? Cant seem to find it on the Torygraph website...

[magic torch]

Yep, thanks for the heads up though.

Having pored over the figures, it just couldn't be done at the Government's prices.

[Plotloss]

Plotloss said:

Eric Mc said:

A typical example of well intentioned government legislation having precisely the opposite effect as to what was originally desired.

What was the gist of the article Eric? Cant seem to find it on the Torygraph website...

Not to worry, found it.

[magic torch]

www.telegraph.co.uk/news/main.jhtml?xml=/news/2006/07/01/nchildcare01.xml

Don't get the paper myself, but my in-laws saved it for me. Just as well!

[Eric Mc]

Any business that sets up with a view to exploting some government scheme is threading extremely dangerously. Governments are apt to change their minds on a whim and pull the rug on such schemes. Also, they place so many caveats, restrictions and bureaucratic hurdles in front of these businesses that the effort required to run them outweighs the rewards. Indeed, sometimes, there are no rewards as the income levels dictated by the government make the business model financially unviable.

[magic torch]

Fortunately the Government funded part is a small percentage of the business.

No doubt that'll change when they introduce the inevitable funding for two-year-olds.

Certainly food for thought, but I can't say too much on a public forum.

[shapeshifter]

magic torch said:

As the title really, can anyone help?

It's a long established profitable nursery, can't say much more on here.

Thanks.

Forget your bank, bank managers these days only seem to be interested in small personal loans or flogging insurance. You need to contact a commercial loan specialist, though they will only probably lend you 80% of the purchase costs unless you are interested in some sort of profit share with them and then they will probably lend you 95 - 100% - I know of a company called ASC which I have used in the past, I found them very good.
www.asc.co.uk