Wed, 06 Jul 2011 | BUSINESS SALE
STB Holdings has put its Poundbakery business on the market in a bid to expand outwards beyond the North West of England.
Alaris Capital has been hired to seek a buyer for Poundbakery, with a purchase price above £10 million, while the owner “assesses its strategic options for growth.”
Chairman Sandy Birnie said, “There is ample capacity in the market to allow it to flourish. Our nearest competitor has over 1,300 shops.” Another 50 sites have been marked for opening in 2011/12, he continued.
More than 30 new Poundbakery shops have been opened in less than 12 months in areas including Liverpool, Preston, Bolton and Manchester. The bakeries sell budget products including two meat and vegetable pies for £1, fresh sandwiches for £1 and hot drinks for 50p to spend-conscious consumers.
Mark Kingston, M&A executive at Alaris said there has been plenty of interest from within the UK and abroad in the business sale. “The buyer has the potential to increase the rate of roll-out through additional funding,” he added.
STB Holdings' other bakery brand Sayers The Bakers, founded in 1912, also has its own 116-strong Sayers chain, with a main bakery, which supplies all the stores. Investment in the business is to continue.
STB Holdings bought Sayers and Poundbakery in a management buy-out deal from Lyndale Foods in 2009.
A leading dental practice situated in the heart of London, providing exceptional dental care in a comfortable and welcoming environment.
LEASEHOLD
A leading internet-based provider of customisable and curated beauty box services. Over the last decade, the business has evolved from a premier subscription service to a leading internet-based provider of highly attractive and rapidly expanding beau...
WEB-BASED
Discover a leading innovator in data centre solutions, recognised as a top supplier both in the UK and internationally, with a robust consultancy arm contributing to a growing turnover.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.