McColl's to sell 100 retail stores

Wed, 21 Oct 2015 | BUSINESS SALE

McColl's the newsagents is set to sell 100 of its less profitable retail outlets in a bid to enhance the company.

While the stores might be on the lower side of profitability for McColl's, these are still solvent businesses and the company is unlikely to sell them for any less than their asset value.

A spokesperson for the company said: “As we continue to grow our convenience store estate we constantly review our wider store portfolio, and from this we have identified 100 newsagents which no longer align to our strategic objectives.

“The sale of these stores will generate funds which will allow us to invest further in profitable convenience stores.”

The company will continue to work to enhance its other stores and its convenience business across the country.

No confirmation has yet been given regarding where in the country the retail stores for sale are located.

In total the firm operates some 474 newsagents shops, which are under the brand of RS McColl in Scotland and Martin's in the rest of the UK. It also has an estate of almost 900 McColl's-branded convenience stores, which represent more than half of its total portfolio.


View other retail businesses for sale.


Share this article



Latest Businesses for Sale

Plumbers Merchant & Large Bathroom Showroom
Colchester, Essex, South East, UK

With a good level of net profit available and a fantastic reputation, this is an ideal opportunity for an entrepreneur with industry expertise, or a competitor looking to grow through acquisition, to own a successful business with further growth pote...

Asking Price: Offers Invited
Turnover: £970,757

LEASEHOLD


Driving School
Silverstone, Northamptonshire, UK Wide

The long-standing business offers a wide range of services including prestigious, advanced rally driving lessons as well as entertaining rally days out, rally courses, junior rally driving experiences and professional rally driver training based in t...

Asking Price: £350,000
Turnover: £300,000

LEASEHOLD


Manufacturing Company
West Midlands, UK

The business for sale is an established company specialising in the design and manufacture of modular ballast support systems/ access solutions for the HVAC and Renewable energy industries. The flat roof framework system is fully adjustable and can b...

Asking Price: Offers Invited
Turnover: £614,931

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

 
18
 
Feb
 

Subprime lender Amigo launches sale process | BUSINESS SALE

UK subprime lender Amigo has announced that it is in talks w...

 
14
 
Feb
 

Leicester printing firm enters administration | ADMINISTRATION

Long-established Leicester printing firm Taylor Bloxham Grou...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources