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32 Spar stores up for sale

15 April, 2011

Thirty-two SPAR stores from the estates of A F Blakemore and Son Limited and Capper & Co Limited are being marketed for sale by retail business advisor Christie & Co.

 

Twenty-two of the stores are located in the north-east, eastern counties, midlands and south-west of England, with a further 10 in Wales. While the leasehold opportunity is available on the majority of the stores, two have the freehold available. Some also come with post offices, while additional income streams from the likes of national lottery concessions exist in many.

 

 

 

AF Blakemore and Son Limited and Capper & Co Limited are of the UK’s six Spar retail distribution companies, with a combined turnover of £1bn. Between them they operate 300 company-owned stores and supply to over 1,000 SPAR branded stores.

 

Both companies have recently reviewed their estates – with the 32 stores being sold identified as not fitting with future strategy. All the stores are available without a Spar tie, although A F Blakemore and Son Limited and Capper & Co Limited will consider continued supply under a Standard Spar Trading Agreement.

 

Allen Shepherd, director in the corporate retail team of Christie & Co, said: “We are delighted to have received the instruction from the two companies to market for sale these 32 Spar outlets. The stores are situated in prominent locations and represent a very exciting opportunity for experienced, independent operators to acquire stores — with or without post offices — as going concerns at very attractive prices.”