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).
In a prime location, this freehold business opportunity includes a detached, well-equipped bakery factory along with a retail outlet and cafe, all part of a family business with a century of trading history.
Established in key industries like power generation and rail, this company offers specialised electrical and engineering services across the UK and Ireland, boasting strong relationships with blue-chip clients and a reliable income stream.
This well-established company has a decade-long track record in a growing market and is fully relocatable or can be operated remotely, providing flexibility for the new owner.
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