Northern upmarket grocery chain Booths up for sale

Sun, 26 Nov 2017 | BUSINESS SALE

The top-end northern grocer Booths has reportedly been put up for sale for between £130m and £150m, according to a report released this weekend.

The Preston-based chain has 28 outlets across Greater Manchester, Cheshire, Yorkshire, Cumbria and Lancashire employing over 2800 staff who collectively own about 4 per cent of the business. The Booth family own the rest. Henry Booth founded the business back in 1847 when he opened the China House in Blackpool. Today the company is chaired by his descendant Edwin Booth, who is also the Chief Executive.

According to the Sunday Times, the family has brought in advisers from Rothschild, the investment bank, to consider potential offers. There have have been offers for the grocer in the past, including from Waitrose and Safeway, but now it’s open season the other major supermarket giants are all expected to be readying for a close financial examination.

The sale is thought to have been triggered by recent turbulence in trading, with the company having posted a loss of £6.5 million last year, following a £1.1m profit a year earlier. Nevertheless the brand is very strong with a loyal customer base and the company has demonstrated resilience by riding previous downturns well.


Share this article



Latest Businesses for Sale

Online Automotive Parts Retailer
UK Wide

Established 1999. Loyal and repeat customer base. Plenty of growth potential. Accounts available after viewing. Offers invited.

Asking Price: Offers Invited
Turnover: £2,400,000

RELOCATABLE


Cycle Shop & Online Retailer
North Yorkshire, Yorkshire and the Humber, UK

Enviable main road trading position. Close to multiples. Outstanding and attractive showroom. Customer parking in immediate area available. Offers invited.

Asking Price: £75,000
Turnover: £313,992

Outdoor Clothing Shop
Derbyshire, UK Wide

Two outdoor clothing specialist shops for sale in the heart of the peak district, Derbyshire. Well established with branded suppliers. This is a retirement sale. Offers invited.

Asking Price: £74,950
Turnover: £350,683


View more businesses for sale

News Search

Latest News

 
16
 
Jul
 

Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE

A supply chain management company operating in the aviation ...

 
15
 
Jul
 

Specialist engineering firm forced to appoint administrators | ADMINISTRATION

Rail contracting company Aspin Group Limited has been forced...

 
12
 
Jul
 

Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE

Blancco Technology Group, which provides a range of mobile d...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
24
 
Apr
 

Majestic Wine considering the sale of its UK stores | BUSINESS SALE

Thought to be the UK’s largest specialist retailer of ...

 
13
 
Jul
 

Pub group looking to sell its commercial property division | DIVISION SALE

Ei Group, the UK’s largest pub company, is looking to ...

 
17
 
Dec
 

Travel Counsellors to explore £200m sale | BUSINESS SALE

The owners of Manchester-based holiday planner Travel Counse...

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