Planet Organic seeks advice over planned sale

Wed, 01 Nov 2017 | BUSINESS SALE

The owners of healthy eating specialist Planet Organic are considering a sale of its business and have engaged advisors to help shape a potential deal.

According to reports in the Daily Telegraph, the chain has appointed independent corporate finance firm Spayne Lindsay to gauge buyer interest in a deal that could be worth £50 million.

The news follows other big-ticket deals for health food companies, including the £1.7 billion sale of Holland & Barrett to L1 Retail and Amazon’s £10.7 billion acquisition of organic retailer Whole Foods.

Planet Organic is believed to be attracting interest from both Japanese trade buyers and private equity, though management may still consider selling only a stake in the company.

The healthy eating chain, which has retail locations around in Wandsworth, Islington and elsewhere around London, was founded in 1991 by Boston native Renée Elliott who wanted to bring US-style health food stores to the UK.

Though kicked off with seed funding from family connections, Planet Organic has since attracted investment from former Marks & Spencer director Alan Smith, ex-Space NK boss David Krantz and Colin Fenn, one of the founders of womenswear firm Fenn Wright Manson.

The organic food chain is on track to make some £35 million in sales this year, with around 30 per cent of that figure derived from selling freshly squeezed juices and the rest from groceries, such as its signature spelt pizza bases.

According to Elliott, around 60 per cent of Planet Organic’s customers are under the age of 40, which she attributes to millennials’ interest in the clean eating trend.

She had previously commented that the “clean eating trend is just healthy eating rebadged”.

Find a business for sale
Subscribe to Business Sale Report


Share this article



Latest Businesses for Sale

Extensive Range of Catering Equipment, Furnishings & Wet Stock (Fast Sale)
UK Wide

Viewing: Wednesday 27 February 2019 between 10am and 3pm. Closing From 10am Friday 1 March 2019.

Asking Price: Offers Invited
Turnover: £500k - £1m

Tyre Services
Fakenham, Norfolk, UK Wide

Tyre specialist offering commercial and agricultural tyres. Major Tyres Ltd with Hankook performance tyres. Offers invited.

Asking Price: £299,950
Turnover: £380,000

LEASEHOLD


Tyre Garage
Midhurst, West Sussex, UK Wide

Busy vehicle tyre changing business, which is in a prime trading location in Midhurst, West Sussex. The business was established by our clients in 1984. Only now is the business being offered to the market, due to our clients’ desire for a well-deser...

Asking Price: £399,995
Turnover: £336,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
21
 
Feb
 

Lakeside hotel enters administration | ADMINISTRATION

A historic but well-preserved hotel located on the banks of ...

 
19
 
Feb
 

Pharmaceutical manufacturer enters administration | ADMINISTRATION

A pharmaceutical manufacturing company based in Bristol has ...

 
16
 
Feb
 

Historic hotel put up on the market | BUSINESS SALE

A historic hotel located in Haltwhistle, Northumberland has ...

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