Wed, 06 Jun 2018 | BUSINESS SALE
Wyevale Garden Centres across Britain are to be sold after private equity firm Terra Firma announced it will be selling the Wyevale Group via property advisor Christie & Co.
The Wyevale Group is currently the largest garden centre group in the UK, boasting a portfolio of 145 garden centres alongside associated restaurants and cafes. Private equity firm Terra Firma originally purchased the Wyevale Group back in 2012 for £276 million and now employs more than 6,000 people throughout the UK.
However, far from signalling a decline in the group's success, Roger Mclaughlan, CEO of Wyevale Garden Centres, believes the sale of the business could pose a significant opportunity for any entrepreneurs seeking to break into the market or existing garden centre operators hoping to capitalise on the success of the brand.
Specifically, Mr Mclaughlan highlighted the group's transformation in recent years, stating that exceptional standards and numerous improvements are now paying dividends in terms of both the response from customers and the company's increasing profits.
"Wyevale Garden Centres has been transformed beyond recognition over the last few years," he added. "Our improved business has engaged colleagues and put customers at the â¨heart of what we do."
This positive outlook was mirrored by Steve Rodell, Managing Director for Retail at Christie & Co, who added that the specialist property advisor is expecting a great deal of interest from prospective buyers seeking to take advantage of this rare opportunity.
He commented: "The sale of Wyevale Garden Centres presents a unique opportunity for a wide range of buyers from financial institutions, existing garden centre operators, independent business people, and entrepreneurs â¨to buy well-invested local garden centres within the price range of £200,000 â¨to £35 million."
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