Long-income McColls Investment acquired in off-market transaction

McColl’s trades from approximately 1,400 convenience stores and newsagents nationwide. Its brands include McColl’s, Martin’s and RS McColl and the company has recently entered into a three year supply partnership with Morrisons. For the year ending 24th November 2019 the company reported a gross turnover of £841.9m, an operating profit (excluding adjustment items) of £8.9m and shareholder’s funds of £145.06m. The combined group has an annual revenue of £1.2 billion, employs over 22,000 full and part time staff and is visited by over five million customers every week.

Daniel Capobasso, Partner & Investment Agent at Johnson Tucker commented on the purchase: “We are very pleased to have secured this investment for our client off-market. In these turbulent times, we are seeing ever more regularly the requirement for long-term secure income from good tenants.”

For more information please contact Daniel Capobasso on 07968618948 or email danielc@johnsontucker.co.uk.

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