Starbucks acquires Little Chef in Emsworth
Specialist property adviser, Christie & Co, has successfully sold the Little Chef in Emsworth, West Sussex.
The former roadside eatery on the A27 has been sold on behalf of Travelodge to 23.5 degrees, a Starbucks franchisee, which currently has a portfolio of 35 sites. The buyer aims to continue to acquire licensed businesses throughout the South and South West of England.
Richard Wood, Licensed Agent in Christie & Co’s Winchester office, who handled the sale comments: “Following an extensive marketing process, we are delighted to have facilitated the sale to such a recognised and well-respected brand. We have no doubt that it will make a fantastic success of what is a great trading position.”
Samantha Hepburn, Acquisitions Manager of 23.5 degrees says: “We are delighted to have acquired our 36th site to trade under the Starbucks name thanks to Christie & Co. We are looking forward to bringing a much loved brand to the area and delivering a familiar offering to locals and visitors alike.”
The new site is expected to open for trading under its new guise shortly.