Smith Cooper Corporate Finance Secures Sale Of Coffee Snobs Ltd
Smith Cooper Corporate Finance (SCCF), the corporate finance division of Midlands advisors and accountants, Smith Cooper, has recently completed the multi-million pound sale of a significant Costa Coffee operator.
The sale of Costa Coffee’s franchise business, Coffee Snobs Ltd, on behalf of private individuals who entered the Costa franchise brand in 2004, further reinforces SCCF’s experience and expertise in the food retail sector.
The sale of 14 outlets, which together provide employment for approximately 150 people, saw SCCF take on a full sale deal management role, which included spearheading negotiations with the buyer, while also liaising with the franchisor. The buyer in question is the Kout Food Group, the Kuwaiti plc. whose portfolio of brands in the UK includes Little Chef, Burger King, KFC and Cha Cha Moon, and extends to more than 170 UK based stores.
This deal represents only the second significant transaction within the Costa brand. The first was the sale of South West Coffee, which occurred in the summer of 2013. This sales process was also successfully managed by SCCF.