Marsden Caterers of Sheffield have sold their KFC franchise worth £17 million to family business Marz, which is run by Raja Adil. The decision to sell the franchise was made when Marsden Caterer’s Managing Director announced his retirement.
This KFC franchisee was in operation since 1980 and had 14 outlets across South Yorkshire and Midlands. It also included a restaurant in Mansfield, which was the UK’s largest KFC restaurant in Glasshoughton, West Yorkshire.
The retiring owners are confident that the new owner, Raja Adil, will continue the good work at Marsden Caterers and will ensure a secure and dynamic future of the existing store development opportunities. Raja Adil said that their family has been in the fast food industry for over 30 years and he has operated 13 KFC’s franchisee in the Midlands.
Marsden Caterers sought advice on the sale from David Crump and John Famsworth of Smith Cooper Finance. By purchasing Marsden Caterer’s, Raja Adil has doubled the number of franchisees in just one stroke and at the same time has extended the geographical spread of the business. Raja Adil has a business with a combined turnover of more than £40 million.