32 SPAR shops for sale

Wed, 20 Apr 2011

A swathe of SPAR stores is being marketed for a sale by Christie + Co, after having been identified by the owners as non-core.

AF Blakemore is selling the portfolio of 32 stores after its recent acquisition of Capper & Co, a fellow SPAR franchisor and distributor.

Seven of the stores for sale are in the East Midlands, ten are in Wales, while the rest are in England's Eastern, North East and South West regions.

Some of the SPAR shops also have post offices, and most of them have additional income streams from National Lottery concessions etc. The leasehold interest is available on all the stores apart from two, which can be bought freehold.

There are six SPAR retail distribution companies in Britain. Together they operate 300 company-owned shops and distribute to over 1,000 SPAR branded stores, generating sales of £1 billion.

Allen Shepherd of Christie + Co commented, "These represent a very exciting opportunity for experienced, independent operators to acquire stores - with or without post offices - as going concerns at very attractive prices."

SPAR stores are unique in that the SPAR members retain their independence while being part of the international brand. Originally set up in 1932 in Holland by Mr Adriaan van Well, SPAR was set up in the UK in 1957.

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