PRESS RELEASE

New business owners don’t often completely admire the significance and paintings concerned with sourcing the proper belongings to fulfill the lengthy-time period plans of their operation. With lots of different tasks handy, location isn’t visible to be as vital a cog to the commercial enterprise as it ought to be. So why is finding the precise property imperative to the achievement of a business? And, for a developer, what offers an asset the threshold about market enchantment for traders or business proprietors?

Investing in a group of property professionals, Monkey Puzzle Day Nurseries is going the extra mile to choose top real estate for their franchised nursery settings. here, Sophie Hailey, Monkey Puzzle’s Acquisitions supervisor, reveals what to look for when sourcing the appropriate property.

Why should builders look for homes to cater for early years?

the United Kingdom government recently announced plans to provide up to 30 hours of loose childcare for 3 and four-year-olds each week. The reforms will enlarge to all eligible kids from 9 months to 5 years-antique using 20251. if you combine this with data from the office for standards in training, kids’s offerings, and competencies (Ofsted), the end result indicates that there are nearly 27,000 companies of childcare on non-domestic premises – nurseries, pre-faculties, and different organization settings – and so the call for for locations will handiest grow2.

With extra kids about to enter the machine, we need to be prepared to offer them the gap they need to analyze and grow. At Monkey Puzzle, to fulfill our modern and projected future call, we’re trying to open not less than 30 additional nurseries using 2028. As a person running in the property acquisition crew, I am geared up for a busy few years!

For every person inquisitive about the enterprise, whether our franchisees at Monkey Puzzle or belongings developers, being inside the recognize approximately sourcing – or in reality fulfilling the want for! – appropriate assets will put you in advance of the curve.

How does the manner work?

we’re the United Kingdom’s largest nursery franchise so our process for property acquisition desires to be watertight. We begin by consulting with the franchisee over what their finances are and in the event that they have any preference of location.

The team will then cross about finding appropriate websites for them earlier than making a suggestion. Consulting solicitors and planners is the subsequent stage and as soon as that has all gone through, we move onto the building work. once finished, the building is handed over to the franchisee, and the nursery launches.

What are the commonplace problems and queries over securing property for a nursery?

one of the maximum frequent inquiries we acquire from franchisees pertains to rent and construction fees. We assume it’s important to take the stresses of property acquisition away from them and as a main franchisor, we’re flawlessly placed with the information and years of revel in to do that for our franchisees.

In phrases of problems with the region, knowing in which to direct your studies is a first-rate location to start. We use a market-leading demographic software program to provide us with the latest statistics and special analysis on every region. We tend to find regions with low populace stages that wouldn’t be able to aid our settings. additionally, for long-term sustainability, it’s important to recognize the percentage of younger households and their commutability to any placing to make certain there’s a robust purchaser base.

Another aspect to appearance out for is the competitors nearby. In a town center vicinity, there might be an abundance of nurseries competing in opposition to every other. It’s far vital to look at the prices of the providers inside the vicinity – if a number of them choose a hugely one-of-a-kind fee shape, your business version may struggle to get off the floor.

What might be the best nursery location?

The appropriate belongings aren’t simply nailed right down to one area. What works in London won’t paintings for the Midlands.

In an excellent global, we’d search for assets with superb street frontage within a robust population. The non-negotiables could be it needs to be easily available either via automobile or walking. The website online additionally wishes to be one construction, ideally with all the rooms at a ground ground degree however we do have plenty of Monkey Puzzle settings throughout two or 3 flooring.

Business proprietors can be put off by the idea of a rural region, but we have some franchisees efficiently strolling nurseries a little off the crushed song. these websites can provide extra out of doors area for our kids and if they’re near a farm, it can act as a USP for the belongings, attracting mother father and carers from further afield who that maybe seeking out an extraordinary experience.

Does Ofsted have any necessities developers want to be privy to?

The quick solution is yes! We may want to discover the proper area but if it doesn’t cater to Ofsted’s policies then the nursery can’t be operational.

Every child requires a positive quantity of space, for an example two and three-yr-olds want 2.5m2 in keeping with child3. each constructing has a maximum ability. Being familiar with the regulations and guidelines is an important consideration when investing within the premises. Ofsted additionally requires access to out-of-door play spaces; they don’t must be at the assets but effortlessly on hand at the very least. I suggest to our franchisees to take some time to study the framework for early years education provision very well!

You need to make certain everything is so as earlier than the nursery’s launch Ofsted will inspect to make certain it is a safe, comfy, and appropriate premises for kids.

Sophie concludes, “The property marketplace is continually changing. You need to be ready to keep up with all the ultra-modern technologies and policies. We’re looking to roll out a 3D virtual property excursion to assist our franchisees visualize how our nurseries will look after they’re fully furnished – this carrier could be in the vicinity through mid-2024.

“My advice for any property developers would be to have open thoughts. If a building will become to be had that has huge ability and outside space, being privy to all the necessities for a nursery setting may open your horizons to masses of alternatives. I’m biased but with the call for growing, early years settings can be more than a prudent buy on your portfolios.”

Sophie Hailey is the Acquisitions supervisor at Monkey Puzzle Day Nurseries. She works in the franchise team assisting the community on all belongings-related topics.

For more statistics on franchise funding possibilities with Monkey Puzzle Day Nurseries, go to https://monkeypuzzlenurseryfranchise.com/

1 BBC news, Public investment in childcare, March 2023

2 Gov UK, Childcare providers and inspections survey, March 2023

3 Gov United Kingdom, Statutory framework for early years, July 2023