Sun, 13 Feb 2011 | BUSINESS SALE
Bargain Booze, the leading UK off-licence chain, has been put up for sale with a price tag of £90m.
According to a report by the Sunday Times - which doesn’t disclose its source - the company’s private equity owners, ECI Partners, have appointed KPMG to look at strategic options which include a trade sale of the business.
ECI took control of the business in a £64m secondary buyout from BWG in 2006.
Bargain Booze now controls around 640 outlets, most of which are run by franchisees in the north of England.
The business has thrived in recent years through its discount sales strategy, allowing it to successfully compete against its supermarket competitors. The tough climate has forced many of its high street competitors, including Threshers and Unwins, into collapse.
Bargain Booze Holdings Ltd’s last financial results to 30 April 2010 show pre-tax profits of £4.3m (up from £1m in 2009) on sales of £371m (up from £357m in 2009).
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Represents an opportunity for an acquirer seeking the leasehold of a private dental practice located in Cornwall.
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Represents an opportunity for an acquirer seeking the leasehold of a Suffolk based dental practice with growth potential.
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